The reason of why Bitcoin is good for trading (for me)

[Plaguedeath]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

[1714606031]

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[1714606031]

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[Wiwo]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trends etc, all of my decision come from my mood and instinct. No stop limit, no following any signal, no watching my PC 24/7 etc, just directly buying and selling.

Is there anyone like me here?

It will be worth it for you to state how much profit you have made so far vs your losses through this self-thought mechanism,  be rest assured that the formula you used is one of the oldest primary trading texnhinuqes,  by just using the buy-low and sell-high mechanisms this is not new to many of us and if I must advise you,  I will say you should maintain that single trading pair.

Because the moment you add another trading pair to the Bitcoin you are trading right,  it may make it hard for you to be able to control your emotions.

[Oshosondy]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

With everything that you explained, you are not a trader. You prefer to hold is only what you are saying indirectly. Holding is better, but the correction can come in short time too and you will make profit and won't be considered as holding, but you need to use indicators and technical knowledge of trading to become a good trader. If you have the technical knowledge and you follow this, I think it will pay you as you do not use leverage.

If you are not greedy, the best coin to trade is bitcoin. There are many altcoins that are very volatile, I do not know why those exchanges are listing them for derivative trading. But there are still better altcoins too. But preferably, bitcoin is better.

Know that if you do not apply the technical knowledge and trading strategies, you are only gambling.

[safar1980]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

Do you think that a modern trader does not need spoploss? If you buy bitcoin at a high price, then you will not be able to trade it for many years and wait for a new growth above ATH. At least ask the miners for the cost of mining bitcoin and buy when its price approaches these costs. According to various calculations, this is from 14 to 22 thousand dollars now.

[tranthidung]

the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it

It is only realistic if you are trading with Spot.  

If you don't use Spot trading but others like Margin (Leverage) or Future trading types, you will not be able to choose to hold your bitcoins or sell it. The exchange you are using with Leverage, Futures trading type, will pull its trigger to execute forced liquidation.

Forced liquidation

[Bananington]

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

There are people like you, but while you are like this, it will not he good to stay this way without knowing anything about charts, candlesticks and other things a trader or anyone who is interested in trading should know even if they do not yet understand it completely. Also as a new Trader I think the only nice thing that you have done is picking a pair to stick with even in this your play trading, new traders should try to be consistent with a trading pair that they are comfortable with.

[macson]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

even though the way you do it sounds like gambling, i can guarantee that many traders are doing the same thing as you are doing.  many people do trading just to fill their free time or make a side income, they don't focus on being 24 in 7 days in front of a screen to see charts and learn skills related to trading.

but what you do will not always give you guaranteed profits, so you must learn the basic skills related to trading such as analysis techniques and fundamentals, so you don't always gamble ^{(mod-based trading and luck)}

[noorman0]

even though the way you do it sounds like gambling,

There's no indication of gambling, the OP isn't really going to lose the portfolio. The loss may only be limited to the time delayed to execute a commensurately profitable order, but it is definitely profitable in terms of value and does not have much of a psychological effect.
However this is still included in the category of trading although it is not as complicated as the way traders in general.

[TravelMug]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Not sure if it will fall on the category of a trader, as far as I know, traders are taking advantage of the volatility to make more money. But I do understand your strategy, and it works more likely when the price of bitcoin is going down and you don't want your capital to get hurt.

Is there anyone like me here?

For sure, I did this strategy way back, when I was still a beginner here, like 2017-2018. But it's not for me, at least being a steady trader. So I just choose to be a holder and invest when I have the capital or do the old but reliable strategy of Dollar Cost Averaging.

[Litzki1990]

The price of Bitcoin is usually dependent on some volatility you trade. That is, you never follow the rules of trading, only when a few candles go down, you trade accordingly. But I don't know how long you will be successful in trading this way. Because if you want to trade, you should have enough knowledge about trading and then start trading. Trading based on these assumptions of your market mood will never do you any good. Don't rely only on your own ideas, learn something, get enough ideas and then invest, then you will see that you are successful in trading.

[Plaguedeath]

Do you think that a modern trader does not need spoploss? If you buy bitcoin at a high price, then you will not be able to trade it for many years and wait for a new growth above ATH. At least ask the miners for the cost of mining bitcoin and buy when its price approaches these costs. According to various calculations, this is from 14 to 22 thousand dollars now.

I've mentioned if Bitcoin price is keep declining, I will not sell my coins and will wait until the bull run happen, that's when the price will recover. Bitcoin don't have such fair value, solo miner and company miner are different, not to mention about the electricity cost, maintenance cost etc.

There's no indication of gambling, the OP isn't really going to lose the portfolio.

Correct, I will not sell my coins in lose, it's just an unrealized lose. Bitcoin price will never going down to $0, it's not gambling where I will lose all of my money.

It is only realistic if you are trading with Spot. 

Yep, for me margin trading or leverage trading are for making quick profit and high risk, I feel more comfortable in spot trading.

It will be worth it for you to state how much profit you have made so far vs your losses through this self-thought mechanism

I can't share it, but I've did few successful trade before.

Now I'm currently in lose because I bought Bitcoin at $27.5K, but no worries I will keep holding

[safar1980]

Do you think that a modern trader does not need spoploss? If you buy bitcoin at a high price, then you will not be able to trade it for many years and wait for a new growth above ATH. At least ask the miners for the cost of mining bitcoin and buy when its price approaches these costs. According to various calculations, this is from 14 to 22 thousand dollars now.

I've mentioned if Bitcoin price is keep declining, I will not sell my coins and will wait until the bull run happen, that's when the price will recover. Bitcoin don't have such fair value, solo miner and company miner are different, not to mention about the electricity cost, maintenance cost etc.

If you bought bitcoin for $48,000 in 2021, would you still be waiting?
A year and a half has passed, and you do not despair and continue to wait. It doesn't look like trading.
It is true that there is no single bitcoin mining cost for all miners, which is why I wrote a price range. Electricity prices also do not differ much, because no more than 10 countries in the world are leading in this industry.

[348Judah]

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

You should find yourself lucky then if things work out for you as expected through your own method, but to me is a trial by error method which i couldn't encourage such for someone to go for, possibly you're been lucky enough to meet the target as at the time you traded and this works the same way as predicted, but the more you go the more you will need to study and make use of those trading indications for your successful trading experience.

I also want to believe maybe it not yet time for you to make use of those parameters being a newbie in trading, you may require more time to learn and developed the required skills that could help facilitate your quick learning and use of those signals when the time comes.

[Taskford]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

Still good decision to trade what you think good for you since you can practice your trading skills for focusing on your favorite coin to trade. But you shouldn't stay on your comfort zone since there are to many coins are worth to trade which can give you more possible profits if you do the right thing on your trades. Also you better start to learn how to do charting, reading the trend line and other important strategies that can help you since it can help you to earn good profits for long term.

[Patrol69]

Earlier I used to trade in some other coins hoping for a bit more profit but since I lost a lot trading other coins I decided to invest in Bitcoin even if the profit is less. Because when I was trading in other coins I noticed one thing that when the price of Bitcoin goes down the value of other coins goes down a lot but when the price of Bitcoin goes up again but the value of other coins doesn't go up in that proportion.  Since Bitcoin is safer than all other coins, I now prefer trading in Bitcoin. 

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

As you have described your trading experience, I have a question for you: have you been able to profit by investing this way? Because as you say you do these without any observation or idea about trading. Trading this way has the potential to hurt.

[hugeblack]

A wise strategy and somewhat reduces your risk, but I advise you to mix it with investing in the BTC/ETH pair, and thus you will achieve more return with relatively little risk.

Without defining a final goal, it may take you a long time before making a profit, and this time represents the alternative opportunity that would have been achieved if you had invested early, and therefore you would miss the alternative profit opportunity.

In general, continue with it, learn it to trade in altcoins pairs and start using these profits as a start for short-term investment.

[slaman29]

I think a LOT of people are like you, if I judge from the behavior of most traders in crypto and forex. Plus also being that myself, I can safely say most people who don't trade like hour to hour do it exactly like this.

Even when they use target or stop loss, they can't help logging in and changing minds when things don't happen like they predict!

[ethereumhunter]

Sometimes I trade like you do, especially when I can't find any clue about the market. And in my opinion, it's a safer way to anticipate losses because we keep holding the coins and don't sell them at low prices. But many traders cannot afford to hold on to their coins and tend to choose to sell them and buy them at lower prices in the hope that the price will rise soon. But each has its own way of making profits and will choose to use methods that make them comfortable trading. If you continue this way of trading and can repeat it several times, I think your profits will increase.

[rozak]

Is there anyone like me here?

I do not expect you to continue to carry out the trading habits that you do. I must say honestly that what you do will become a bad habit. it won't hurt because you have other plans when the trade you make will go the opposite of your prediction.
I also prefer to trade BTC/USDT. but not only for the profit I can get but more for my planning to collect more Bitcoins. I am also not a trader who uses large capital. but I am more careful in planning trades.
However, we wish you continued profit and luck with your trading 

[YOSHIE]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

Bitcoin is traded all over the country/world, of course: there are thousands of people who trade according to the knowledge and expertise they have, the method, the process of doing it is different, you do method A, that's what you have, other people use method B it's their right, bottom line: all Bitcoin trading processes to achieve good results and profits, it doesn't matter and it's not a mistake if you do the tricks you have.

Is there anyone like me here?

Maybe, a lot......!

As I said above, you do the way you can, of course other people do that too, for me what you do is more towards investment, some people I know, they don't care if the price of Bitcoin goes up and down, they keep on buying while they can, but one point that they believe in and watch is the new ATH, that's their final benchmark.