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[tygeade]

No, every traders in this world has different mindset,  different experience,  how many years has spent in this industry. These factor always differ from one to another. newbie has their own strategy of trading. I dont used anybody strategy because this gives me loss also so be prepared for himself for your unique style.

Yes there are a lot of other factors are also available which are definitely affecting how one person in trading with the different market condition and developing his strategies. So, it is not at all making any sense to assume that everyone in this crypto world are trading along with same strategy. Even people are following same kind of strategy, there are multiple fine-tune options are available with same strategy which might lead them to the having literally different strategy even the name of strategy is same.

I may agree with OP if we assume that everyone is preferring to buy low and sell high which means that everyone is following same strategy.

But, we need to remember that to consider "low" there cannot be one single price levels. It means there are lots of "low" prices are available. So, even people are following same, strategy they do not need to be buying or selling at same price levels.

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[Kong Hey Pakboy]

No, every traders in this world has different mindset,  different experience,  how many years has spent in this industry. These factor always differ from one to another. newbie has their own strategy of trading. I dont used anybody strategy because this gives me loss also so be prepared for himself for your unique style.

Well not everyone is that different because I believe that if someone was doing a strategy that works like a charm and they showed it to other people, I am pretty sure that many people will copy that strategy. It may differ at first look but I am sure that in essence, each strategy is almost the same.

[Psynthax]

These can of prediction based on shape of price chart is like self fulfilling propechy, people believe at certain shape it's gonna rise, they buy therefore making the price rise reality but as the saying goes there's always an outlier right? where someone definitely gonna go against the flow for certain reasons because there are various minds out there and some of them may not even believe that such thing as market movement analyzation based on the shape of the chart really gonna work.
At the end of the day even such strategy didn't always work basically stay true to the fact that the market is rather erratic. If it always works, anyone who know the method to predict based on the price chart shape would be billionaire.

[samcrypto]

I don’t follow anyone’s strategy because that wont work for me, I’ve created my own trading strategy based on my own timeline so don’t ever think to follow any strategy, better to create your own and focus on that. Don’t get any pressure from anyones trading strategy, that is not good in long term.

Every strategy differs from person to person and I think telling people not to follow any strategy is not a bit of good advice. They can try other person strategies especially on the market we are having right now, If it work then it's fine. Using someone's strategy doesn't mean you need to stick with it. There are different strategies that apply to every market scenario and if you know many strategies, The confidence and the winning chance you have will rise.

That's ok to follow anyone's advice as long as you still validate that advice if it will work to you or not. You should not be limited by your own knowledge because its also good to follow someone's advice, that's why its ok to have mentor who are willing to help and guide you. Personally, I enrolled on trading lesson which the facilitator gives advice and strategies that we can follow, and it works. Everyone might not following the same strategy, but we are dealing on the same market and we are trying to wins on our trades.

[kolbalish]

Everyone's strategy may be the same in one means or another: buy low and sell high. But I don't assume everyone interprets that. And whether everyone's strategy is the same or not, everyone's purpose is to bring about a profit. So let's make a profit in a decent direction. Even if the strategy is not one, if it is profitable, it is nice for one's intellect. And even if it is a profit, what is the fault !!! 

[wxa7115]

Yes everyone follows the same strategy buy low and sell high. And they don't even care about candlesticks. When they hold, it means they are just there waiting but are already on the sell order to be filled which these sellers must have bought at a cheaper price.

Who wants to sell when the price goes high?  The answer, the ones who want to take profit. They could be the traders who learned pretty well in hopping from one coin to another.

I do not agree with this, the goal of everyone is the same and someone that tells you they are not interested in making profits is outright lying to you, but while this is the case and this means everyone wants to buy low and sell high people have different paths to get there.

However we know that there are strategies that are very popular like the reading of candlesticks to try to determine future patterns but as far as I know those strategies while easy to understand for some people are not really profitable and it is one of the main reasons why we see so many traders losing their money in the markets.

[Alert31]

Every trader has a different strategy to each other except the "Buy low, Sell high". Every trader have put a different price value in the market that's why the flow of buying and selling are continues. Also, every trader has a different mind set and learning method in trading. You can understand the market and graph easily if you have enough knowledge about it and it was a very good strategy you can be use to earn huge profit and to avoid loses.

[Nrcewker]

If that strategy of doing the same as others is effective, why wouldn't we keep doing it? But as for me, I have my own strategy. If I want to sell, I will have no doubt to sell.
And if I'm going to buy, no matter what the prices are, I'll not care about it and will buy for myself.

Strategy are pure luck to be honest.
It can make your life hell anytime from heaven.
And i am glad to know that your strategy working till now and giving you profits all the time.

But generally i just buy the coins when some popular crypto influencer give signals about the coin.
Or just check the twitter with that coin’s hashtag. And if more people recommend to buy it with a good graph, then i just purchase it.

Wish you goodluck OP.

[J1mb0]

Obviously they all want to buy low and sell high, but no one can be sure of when to buy and sell.
In fact, we are betting on this market, trying to analyze the market and find ways to make a profit.

[acdc]

Not everyone has the patience to hold onto their strategies either which might be where a lot of the gaps come from as well as speculators just buying because they're dcaing or something.

The cryptocurrency market is changing every second so it is difficult for people to stick to the tactics they set out.
It is very easy for new traders to make mistakes when they see the market develop or go down, and it is easy for them to get Fomo in such cases.

[FanEagle]

Obviously they all want to buy low and sell high, but no one can be sure of when to buy and sell.
In fact, we are betting on this market, trying to analyze the market and find ways to make a profit.

Yeah, only those people who know when to buy and where to avoid will able to bet on this market profitably. I agree analyzing the market must be the key for everything. You need to be fully skilled to analyze all market conditions otherwise we may miss one or two market influencing factor which may lead to losses in the end.

It is very easy for new traders to make mistakes when they see the market develop or go down, and it is easy for them to get Fomo in such cases.

FOMO is something, we cannot avoid because when market enters into big hype then everyone will rush for their profits which is the reason leading to FOMO. When FOMO gets in, we need to agree that everyone is trading for same strategy.

[Stedsm]

@OP, if you're talking about patterns, then yes they do occur every now and then but the fact is that, even those patterns can't guarantee you an assured (possible) rise/dump in the price of an asset that comes under the crypto category because crypto is full of surprises and you only see rise when there's a lot of FOMO due to some small traders as some whale tries to move the markets upwards. Same way it is for the downtrend when a whale starts selling, others too start panic selling the asset which actually moves it more downwards than it was expected to go if it'd only had that one whale seller's whole trade eaten up by small traders in parts.

[jaberwock]

Every strategy differs from person to person and I think telling people not to follow any strategy is not a bit of good advice. They can try other person strategies especially on the market we are having right now, If it work then it's fine. Using someone's strategy doesn't mean you need to stick with it. There are different strategies that apply to every market scenario and if you know many strategies, The confidence and the winning chance you have will rise.

That's ok to follow anyone's advice as long as you still validate that advice if it will work to you or not. You should not be limited by your own knowledge because its also good to follow someone's advice, that's why its ok to have mentor who are willing to help and guide you. Personally, I enrolled on trading lesson which the facilitator gives advice and strategies that we can follow, and it works. Everyone might not following the same strategy, but we are dealing on the same market and we are trying to wins on our trades.

I agree with this. If you read others opinions that is a valid research, it should be part of everyone’s research and everyone should do that, however if you just read what others say and make a decision based on that? That would be horrible for you in the end, even if you get lucky a few times then you will end up with a horrible situation in the end. So that means we should be doing our own research and reading what others say is one part of that research, we should also take a look at the finances, codes, security and many other aspects of any coin so that we would be good to know what we can do with it.

There is really not that many different ways if we could change that, I am sure we are capable of finding that "right" one according to us and make a profit a few times over, maybe even make a 5x return, take out our capital, so pure profit, but then realize even they are wrong sometimes and lose money.

[Mpamaegbu]

About a few months ago, I learned some Japanese candlesticks for cryptocurrency trading. And there are some shapes when they happen that mean that there is a rise, ie: Buy. And some forms when they occur mean that there is a fall in the currency, ie: sell or hold. In the first case, you will buy, and if "everyone wants to profit" and everyone of course knows the rise, who is the dumb who will sell you this? In the second case, you want to sell, and also "everyone does not want to lose". Who is the dumb who would buy this from you? And with this logic, what are these shapes?

There is always something that happens naturally on a regular basis and causes regular results, but something happens based on "people's minds" (buy / sell), ie: it is erratic. So how will the results be regular (up / down)?

This isn't as direct as you're making it look here with candlestick patterns. I follow candlesticks as one of my leading signals. What you described above with the pattern has to be factored into the different timeframes on the charts. Remember that what the candle at Daily Timeframe signals may not be the same with 30mins, 1hr or 4hrs. It's likely to be different at Weekly and Monthly frames too. So, it depends on what TFs different traders are looking at before triggering trades. That's why while others are selling, others are buying.

[blockman]

If that strategy of doing the same as others is effective, why wouldn't we keep doing it? But as for me, I have my own strategy. If I want to sell, I will have no doubt to sell.
And if I'm going to buy, no matter what the prices are, I'll not care about it and will buy for myself.

Strategy are pure luck to be honest.
It can make your life hell anytime from heaven.
And i am glad to know that your strategy working till now and giving you profits all the time.

But generally i just buy the coins when some popular crypto influencer give signals about the coin.
Or just check the twitter with that coin’s hashtag. And if more people recommend to buy it with a good graph, then i just purchase it.

Wish you goodluck OP.

My strategy works perfectly for me although there are more times that I regret that I sell earlier but still I got the profit. If that strategy of works for you about getting some signal with those crypto influencers, it's all up to you.
But I'm mostly avoiding that type of strategy because FOMO is being built on that.

[imstillthebest]

No, every traders in this world has different mindset,  different experience,  how many years has spent in this industry. These factor always differ from one to another. newbie has their own strategy of trading. I dont used anybody strategy because this gives me loss also so be prepared for himself for your unique style.

every trader has the same mindset and it is to earn from thier trades but not all are using the same strategy .
newbies use common strategy because they are easy ex. buy low sell high but advanced traders can have a different approach in to the coin ex. they buy high and sell high .
if everyone follows same strategy it will be easier for manipulators to manipulate this market but wise traders already think of it before they do and they try to be different .

[lixer]

every trader has the same mindset and it is to earn from thier trades but not all are using the same strategy .
newbies use common strategy because they are easy ex. buy low sell high but advanced traders can have a different approach in to the coin ex. they buy high and sell high .

Yeah, probably newbie traders might be using same strategy due to lack of exposure toward bitcoin markets and its volatility. But, I am not seeing that as a disadvantage. Because, when more people take same position then market will move on that direction for sure. I mean when everyone is trading same asset and buying around same price levels.

if everyone follows same strategy it will be easier for manipulators to manipulate this market but wise traders already think of it before they do and they try to be different .

I do not think so. When everyone follows same strategy and same kind of signal then market will trade too strong with decent volume which will make harder for whales to manipulate. Only on weak volumes, whales can easily manipulate.

[Kittygalore]

Everyone's strategy may be the same in one means or another: buy low and sell high. But I don't assume everyone interprets that. And whether everyone's strategy is the same or not, everyone's purpose is to bring about a profit. So let's make a profit in a decent direction. Even if the strategy is not one, if it is profitable, it is nice for one's intellect. And even if it is a profit, what is the fault !!! 

The fault that I can think of is that people wants to be the special one and that they don't want other people to have the same strategy as them even though as @kolbalish says, we have some minute difference in strategy, it makes them less superior.

[fullhdpixel]

Everyone's strategy may be the same in one means or another: buy low and sell high. But I don't assume everyone interprets that. And whether everyone's strategy is the same or not, everyone's purpose is to bring about a profit. So let's make a profit in a decent direction. Even if the strategy is not one, if it is profitable, it is nice for one's intellect. And even if it is a profit, what is the fault !!!  

The fault that I can think of is that people wants to be the special one and that they don't want other people to have the same strategy as them even though as @kolbalish says, we have some minute difference in strategy, it makes them less superior.

When we are not aware of what are the traders are doing, how we can be different from them? So, there are chances for being same like everyone will be following similar strategy and at the same time everyone might be having slightly different in terms of time frame or longer/shorter moving average tools or anything similar will be possible here.

I don't think being different will be leading to superior here in trading because when we are commonly having same strategy with most other will be having better chances to be into the direction of market rather than being unique might lead to trading in the opposite direction of markets.

[goaldigger]

Obviously they all want to buy low and sell high, but no one can be sure of when to buy and sell.
In fact, we are betting on this market, trying to analyze the market and find ways to make a profit.

You don't have to bet. if you consider this bet it is a wrong thing because there are indicators that currently exist you can analyze the market to get a profit. What is clear is that if you are a trader and do not understand how to analyze the market, of course it will be detrimental because you are gambling. buy and sell without understanding how to properly analyze the market

Buy low and sell high is indeed not enough in trading, that's too plain and simple which is not the real situation in trading. Yes you can buy low or sell high but you can't know if its already the low price because you didn't analyze well the chart ,so technically this is where indicators will being used to see the future trend of the market. We all have the same goals in trading, but I don't think we are following the same strategy.