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

[el kaka22]

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.

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[Mahanton]

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.

They do differ in the timeframe and the behavior between buying and selling which it can neither be considered a short term or long term trade and comparing it out with investment
then its true that this do particularly talk about long term aspect on where you do just simply buy up on whatever price it would be and be holding up until your retirement but basing
up on what op had done then its clear that this one can be called trading yet buy low and sell high common concept but the difference is only particular on that activeness
towards those steps or decision which i can still considered to be trading.

[MCDev]

It is a good trading strategy for those who are not good at everyday trading.
I also use the same strategy and make a pretty big profit. Currently I have converted a portion of my total capital to USDT and wait for the next discount.

[Shasha80]

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

Very useful advice, because it is very easy to do what you are already doing, the problem is what you do requires faith and patience. Which may
not be owned by everyone, why many people choose to do day trading which has a very high risk. That's because they can't wait in the long run
to make a profit. Most people want to feel the profit as soon as possible, so if you manage to buy Bitcoin at a low price and be patient waiting for
the Bitcoin price to rise according to your target, that's something that must be appreciated. Because honestly very rarely people have the patience
like you. This is a reminder to me, that it is not difficult to make big profits from Bitcoin. All it takes is patience to wait for the Bitcoin price to rise
to reach the target I want.

[Xinarae*]

In case of trade if the risk seems high then you can do business but you have to wait patiently for it investing in currencies like bitcoin and ethereum is a long wait you must keep in mind that prices for trades continue to fluctuate. A small change in price can cause you to lose your trade of trade for a long time the price has risen and fallen arbitrarily. However, this reduction will not be so effective that you will lose all your money trading for a long time can easily analyze and determine the direction of the market you have to learn the techniques of trading and it is better to keep stocks when the price goes down.

[doomloop]

I think that’s like a normal thing that everyone is doing , only a few people are trading (though not really few, but majority of them that tries to engage in day trading are losing money, so they still go back to holding their money until the market starts growing again, that way they can make profit. That’s what I have been doing for long that I have been here, and that’s because I don’t want to take the risk of day trading, so I prefer to go long term.

Day trading is similar to when you’re into forex trading and options trading, those two are really hard and it is the same when you decide to do the same in cryptocurrency, the market is volatile and you can’t easily tell the next move.

[Lordhermes]

Trading is not only ways to gain profit, I've noticed the same thing, the best time to buy crypto is to allow it fall dip which you did.

I have remembered buying cocos at the lowest dip, suddenly there was a spike in price almost up to 80% I sold while I was waiting for another dip. It's actually the easiest way of trading and it give more profit than holdings.

The mistakes I have always did is buying the wrong coin while it's rising especially the newly listed coin, it had disrupt my portfolio a lot.

[kpierce77]

That is a very good way. If only I didn't need emergency money, I wouldn't have sold my bitcoins a few months ago either. Trading too often is indeed quite dangerous, just like gambling, thinking too much and then being consumed by your own greed because you want continuous profit from day trading.

After some bitter experiences I had from trading (because I'm still a beginner and haven't even mastered the fundamentals) I prefer to do as you do. will only wait if the number we want is really reached and buy if the price is really what we expect. much easier, and not draining, because we are not always stuck with price fluctuations every day, and which is definitely safer for our mental health

[Rengga Jati]

This is a journey of a HODLER. Once we become a hodler of Bitcoin because this is the most trusted and valuable crypto, we may get big profits after all. Although higher profits will need higher risks, I personally also feel that Bitcoin is worth investing in and hodl.
The trust is number one when going to Hold. And I imagine for HODLER of Bitcoin from only $10k to $60k right now, how profits they have been obtaining. And for me, your decision is wise enough when you decided to take profits at a certain target price and then wait for the falling price again, maybe in the bearish market later.

[ven7net]

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 are right, it is not so easy and simple to trade cryptocurrency and it is far from always profitable, because there is always a chance of losing money. The fact that you decide to become a holder and hold crypto is definitely an excellent choice and the right decision. I also do it periodically. I buy promising cryptocurrencies when their price is lowered, then I wait until the price rises and sell thereby having a profit. This variation also seems more correct to me, but everyone always decides for himself what is best for him.

[Gheka]

I think that’s like a normal thing that everyone is doing , only a few people are trading (though not really few, but majority of them that tries to engage in day trading are losing money, so they still go back to holding their money until the market starts growing again, that way they can make profit. That’s what I have been doing for long that I have been here, and that’s because I don’t want to take the risk of day trading, so I prefer to go long term.

Day trading is similar to when you’re into forex trading and options trading, those two are really hard and it is the same when you decide to do the same in cryptocurrency, the market is volatile and you can’t easily tell the next move.

Indeed, investors are failing even more with intraday trading due to achieving quick results, they cannot choose to invest in the usual way of just buying and waiting, they have to enter the leveraged market to maximize profits and save time but they fail quite a lot due to poor emotional management and being attacked by the market with strong random fluctuations. While for those who set long goals and does not participate in the market leverage, they are easy to survive and not be affected by an attack, achieving a profit under positive change is very easy.

[Sanugarid]

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.

I do agree with you, I have tried this one myself once and now the price isn't going down anytime soon and I am regretting what I did, good thing that when I sold my hodlings, I have a really big profit so it isn't overall as bad as it is but I won't be making the same mistake again.

[Gaaara]

It was used when bitcoin was the single most profitable and tokens are not that popular, and many traders starts to lose interest after the tokens emerge and the reason is because this strategy takes too long before seeing your profit and most early traders are a bit anxious every time bitcoin price went down so they most likely to take the loss than to hope that it will go higher since to people bitcoin back then was a bit shady but once it gains popularity things has changed.

This is actually an easy strategy that doesn't require much time nor research to acquire though it takes time I'm sure those time waiting will be worth it, it is the same way as hoarding though you're not holding anything that has scarcity rather your holding your asset to sell for further profit.

[Yatsan]

That can be a good yet old strategy to be stated and cannot be applied into most cryptocurrencies in the market for we cannot say when and what will be the future of such coin and you might be just wasting time on keeping it on hold into your account and not making use of it on trading. Yes holding is a good tactic but still doing trading can give you an upper hand if you do know the coin and you are observant into when and where you supposed to act. Strategies when it comes to trading still depends on the individual based on his guts and intuition on what will be the right move to do. We all do know the risks associated on doing trading so keeping yourself stuck into just being safe will not make you grow and survive into the world of trading.

[Silberman]

Trading is not only ways to gain profit, I've noticed the same thing, the best time to buy crypto is to allow it fall dip which you did.

I have remembered buying cocos at the lowest dip, suddenly there was a spike in price almost up to 80% I sold while I was waiting for another dip. It's actually the easiest way of trading and it give more profit than holdings.

The mistakes I have always did is buying the wrong coin while it's rising especially the newly listed coin, it had disrupt my portfolio a lot.

Buying a coin when it was raising was not really a mistake, investing in a new coin with a low volume was really the mistake that cost you so much money, buying the dip is a good strategy but most of the time it is a strategy that only works with solid coins because as we know new coins have the tendency of going up really quickly and then dump and that is pretty much the end of their live as a coin, however if you apply that strategy in good altcoins like ethereum then you have a chance to make some decent money relatively quickly.

[Dannaey]

Trading is a very good source of income. But you have to invest more time in learning and practicing the best strategy that fits you. Most of the best traders now have experienced losing money before they get the strategy that fits to them. So just do not give up easily. Everything takes time.

[tvplus006]

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.

[santiPOGI]

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.

[goldade]

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

[Kelvinid]

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

Buy during the dip, hold, and sell during the Bullrun is really effective strategy but this it needs more control to our emotion. And I could suggest not to regularly check our wallet to avoid temptations but rather to watch only the market chart for price tracking.

This is eye-opening to everyone who doesn't want to go trading as their normal life. But this could be hard when you are considering trading alone as a source of income. Trading is stressful and it gives you losses if you are not good at this.