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

[Tony116]

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)}

No, he is not gambling but spot trading and no stoploss. If he is lucky, he will make a short-term profit, and if the market suddenly goes down, he will become a long-term holder. It can be said that he has nothing to lose, but trading that way will not be consistently profitable, and as he said, he is not a real trader. To me, this is not so new, long-term investors will often combine this way to make more profits in the short term. What they're doing is just taking the opportunity, if the plan doesn't go as planned, they don't lose.

[Questat]

I've also been doing that OP when I was new in the market, I was thinking about security and profit assurance as well. But as we gain more experience and market engagement, I've found out that using altcoins for trading is even more profitable compared to Bitcoin, however, the risk is too high as well which is not recommended for low-risk appetite.

But I would say that if you are already contented with what happened to you, I think placing yourselves in your comfort zone is very important in trading. However, I will still encourage you to try altcoins as well.

[Huppercase]

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?

If you are not trading to make money, then you are trading for pleasure and you just want to test your knowledge because I have not seen a trader that will say he doesn't like profit much in trading. Literally, that is the motivation of every person in trading, they buy low and sell at high price but I still don't underdtand why you don't like much profits to be made so much.

You see that strategy you are doing, you will lose all your capital and nothing will be left for you if you fail to learn about what you do, you should learn to understand the chart very well, undertand the trendline and also candlestick. The BTC/USD is easier because it is the first and that's more trusted by crypto community but not every like that pair because if you don't have enough money to trade, you wouldn't enjoy it.

[LastKiss]

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?

Well the past me was like this but right now I'm not trading without doing any analysis since the analysis will help me to predict the next movement in the market. In the past I was really the same as you when I buy at a high price and Bitcoin goes down I wait until I recover and try to trade once again but something like that is really slow for me. 

[AmoreJaz]

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?

If you are not trading to make money, then you are trading for pleasure and you just want to test your knowledge because I have not seen a trader that will say he doesn't like profit much in trading. Literally, that is the motivation of every person in trading, they buy low and sell at high price but I still don't underdtand why you don't like much profits to be made so much.

You see that strategy you are doing, you will lose all your capital and nothing will be left for you if you fail to learn about what you do, you should learn to understand the chart very well, undertand the trendline and also candlestick. The BTC/USD is easier because it is the first and that's more trusted by crypto community but not every like that pair because if you don't have enough money to trade, you wouldn't enjoy it.

maybe for now, he is not looking for profits as he is into btc/usdt only. but once he discovered other alts that can give him good money, for sure he will change his approach in trading. and more then likely, once he got a very good grasp in trading and very confident with it, i guess he will be in several alts. i don't think any trader won't like to make money here.

[Gallar]

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?

If it is your decision to trade bitcoin, without studying candlesticks or trends, then continue.
Because if you only trade on bitcoin, I think it will be safe. Because bitcoin already has a regular cycle, like the halving that occurs every four years. So even though I'm not very skilled at trading, I think it will be safe. But I suggest trading in bitcoins for the long term. Because if you trade in the long term, you don't need to bother thinking about trends or candlesticks, you just have to wait for the halving and the desired target price.

But if you want to go deeper into the knowledge of trading in crypto/bitcoin, I think it will be more perfect. Because to a lesser extent, if trading mainly in assets like crypto/bitcoin. Knowledge is needed first, so that it is more organized and focused on the course of your trade. Because if you only trade on bitcoin, you can still do it without having that expertise. But if you step up and want to try other crypto (altcoins), trading knowledge is very necessary.

And in essence, in my view, what you did was not wrong, it was just not quite right. Because if you trade in crypto/bitcoin, it will be easier if you already have the knowledge.

[irhact]

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?

We have many individuals like yourself here, most traders are like you and that's okay if you don't sell but keep holding your bitcoin. This strategy mostly work for Bitcoin because you can be certain of getting profits if you keep holding your Bitcoin until the price recover. Don't try this with altcoins as they are not Bitcoin and can collapse or dump while you're holding.

This strategy is perfect if you don't want to be a full time trader but if you want to become a professional trader and make trading your source of income, you have to learn how to read charts and understand them to make your predictions correctly or you'll lose your trade.

[Dzwaafu11]

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.

I advise you to only use these methods with bitcoin and not other altcoins, even though they are altcoin that are good too but have a higher risk of losing than bitcoin, since you are used to these methods I think you should try and be buying bitcoin and continue hodling for a long time. I believe there are people who use the same method as you use to earn money but they didn't call them self traders since this is not how they Trade.

And while it appears that you enjoy trading, the fact that you lack the fundamental knowledge of how it operates makes me believe that you should go learn it. This is because I believe that once you find an altcoin that will pay you more money than bitcoin, you will switch to it. For this reason, I believe you should be knowledgeable about trading now. After reading your post, I believe you may become a full-time trader because you enjoy it.

[Mauser]

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.

As a beginner it's a good idea to focus on one coin and learn as much as possible before moving into other markets. Bitcoin was also my first coin I started trading with, but I used to trade against fiat money not USDT. Using stable coin as a means to save profits is a great idea. The main advantage of trading well established coins like bitcoins is that we are not forced to sell our coins if things go bad. The bitcoin price tends to move in cycles and if we bought at the right time we can always wait out for the prices to recover again. That's also why I would never use a loan for trading, in case we need to make periodically interest payments we would be forced to sell our positions at unfavorable prices. Trading bitcoin is a good market for beginners to make their first experiences with limited downside risk.

[jeraldskie11]

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?

In my opinion, there are people here who trade like you. Actually it's better to say you're just investing not trading because usually comes to our mind in trading is that you always looking at the chart and analyzing the market to find any setup that are tradeable. If you invest in Bitcoin now there's nothing to worry and I swear you will not get lose even if the price goes down as long as you didn't sell it. We all believe that someday Bitcoin will create new ATH but still not necessary to invest all your money, just like what you do, your way of investing was stress-free.

[Zilon]

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?

Keep it simple if you don't understand the technicality. BTC/USDT pair is more likely the most common trading pair choice of most traders, But note that the strategy you use is more of investment than trading because you only buy and wait to take profit for every time a new ATH is reached. Traders make profit and loss hourly, daily, weekly, bi-weekly, monthly depending on their choice of time frame. But in generally the whole concept is the same which is buy low and sell high and to stay profitable knowing how to interprete  chart can be an advantage to stay consistent in profit.

[Ultegra134]

I've also been doing that OP when I was new in the market, I was thinking about security and profit assurance as well. But as we gain more experience and market engagement, I've found out that using altcoins for trading is even more profitable compared to Bitcoin, however, the risk is too high as well which is not recommended for low-risk appetite.

But I would say that if you are already contented with what happened to you, I think placing yourselves in your comfort zone is very important in trading. However, I will still encourage you to try altcoins as well.

Altcoins also yielded greater profits when I used to trade a few years ago. I'm stuck with bitcoin holding now. However, the OP doesn't like that he's actively trading but mostly trying to take advantage of opportunities created during a bear market or generally when it's more volatile than usual and holding till he can sell at a profit. Traders are actively conducting transactions, holding on to the wrong trade might cost them more money than selling at a loss. This is why there are so many tools to assist you when trading (stop loss, etc.). Anyway, we're free to do what we please and what we believe works best for us.

[jrrsparkles]

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?

You are a trader too because you have the intention of selling bitcoin back when price increases so that you can bag some profits. This strategy is often less risky than other forms of trading, such as day trading, as it allows for fluctuations in the market that may occur in the short-term. With long-term trading, traders are better able to ride out the market's volatility and generate returns over a longer period of time. Ultimately, the success of long-term trading depends on various factors, including market trends, risk management strategies, and the individual trader's goals and experience. Since you're good at HODLing then nothing is going to stop you from making profits with your investment.

[pawanjain]

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?

That's not called trading but gambling. You are basically gambling without knowing which side the price should go.
Although I don't recommend this kind of trading, it's good to know you are willing to hold such a long time of "next super cycle".
Most people panic sell at times of high volatility and using stop loss is a must when trading. So I would advise you to start using stop losses soon.

[GreatArkansas]

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.
(....)

This is the common reason which I also agree with.
Bitcoin is the highest market cap cryptocurrency, I believe that other cryptocurrencies are just correlated to Bitcoin's price. So instead trading to these altcoins, why not just trade Bitcoin, Bitcoin got more high trading volume (more traders are trading this peer).

[Nrcewker]

Crypto trading is defined as when you trade crypto assets frequently to make profits from it. And if we see this definition then Bitcoins definitely not suits here. Bitcoins are good for long term investment. In trading of cryptos you trade one specific crypto with other to make necessary profits. But bitcoins are very rare. So it won’t be wise decision to sell these coins for other trash coins. When you invest in Bitcoin, make sure to invest it for long term, else no use.

[death69]

Whoa, buddy! I'm all giddy up to see you diving headfirst into the trading waters, all in the name of good ol' fun and fattening your wallet. Your game plan might raise an eyebrow or two, but who cares when it's hitting the sweet spot for you. The BTC/USDT duet is like the hot ticket item on the crypto market menu, owing to its liquid assets and the USDT's rock-steady demeanor. And of course, Bitcoin, being the crypto big shot, brings a hefty dose of faith and comfort to the table.

But allow me to put on the devil's advocate hat for a moment and toss an idea into the ring: How about beefing up your know-how reservoir? Getting a handle on chart patterns, the ups and downs of trends, and the cryptic candlestick formations might turbocharge your trading, even if you're not living life glued to a screen. Expertise isn't a prerequisite, but sprinkling a bit of knowledge can mean the difference between dodging a bullet and catching one.

Trading isn't all about tossing the coin and hoping for the best; it's about making calculated moves. And who knows, you might get a kick out of mastering a new skill!

[Issa56]

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

I don't understand, you claim not to be a trader but you trade to make small profit, then what are you? If you are making big money or you are making small money, you are a trader and i don't know if their is another name for people that are making small amount of money in trading.

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.

If you are using this strategy which you just mentioned above, then you are not a trader but a investor, as a trader even if you are trading bitcoin, then you will have to monitor the price movement, and you won't want your trade to go wrong. Let's assume as a trader, you bought bitcoin at $60k and you wanted to make little money before you exit the market, then your trade goes against you, a trader will look for a way to cut the trade so that the lost will be reduced, but a investor will keep on holding no matter how bitcoin dump. So you are a investor and not a trader.

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?

I think am like you, whenever am accumulating bitcoin, I don't care about bitcoin price, I don't do any analysis, whenever am having extra money, I will just buy my bitcoin and send it to my wallet, I don't care if bitcoin will dump or if it will pump, I don't care about the news that people are spreading about bitcoin either positive or negative.

[Johnyz]

It’s more like a holding of Bitcoin and wait for the peak price before selling, not a real trader for me. You can also consider this as DCA since you don’t care much about its current price. Bitcoin seems to be a good one for long term and there’s no doubt about this, though if you could timing the market the better. Bitcoin will pump again, this is still the basis of cryptomarket, bull should come soon.

[lalabotax]

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.

This makes sense and at least, you already understand what you can do. So, don't force yourself to get involved in trading altcoins which might provide a higher risk. Bitcoin's volatility is actually high. In this case, trading for short terms might be good, if in the spot market, little by little. But not in futures trading or other types that use a leveraged system. Short term trading itself is still risky, but as long as we understand and can anticipate various things in trading, this won't be a big problem. To be sure, do what we can with a variety of considerations and analysis that is good enough.