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

[Franctoshi]

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.

From the experience I have got with these kind of senario not easy as you think, I was cought up in 2017, bought at the top and the continues to melt down, it was a painful experience that each day, weeks and months I didn't see for once where the price come to my entry point to have the opportunity to exit the market. Therefore If eventually I bought BTC and it happens to be at ATH, where the price fails to make new highs, To be sincere it doesn't make sense to hold at that point and immediately I'm getting out of that market because I will have a better opportunity by applying DCA strategy to buy at cheaper prices while the price crashes.

[1714648153]

1714648153

[1714648153]

1714648153

[1714648153]

1714648153

[dzungmobile]

From the experience I have got with these kind of senario not easy as you think, I was cought up in 2017, bought at the top and the continues to melt down, it was a painful experience that each day, weeks and months I didn't see for once where the price come to my entry point to have the opportunity to exit the market.

It is painful because from an All Time High to an ending of a bear market, it is very stressful and needs long time to cause most of engaged people disappointed and exit the market because of negative emotion, psychology. It is a very important phase to prepare for a next big bull run and we can not have big bull run if the market can not wash out weak hands.

You were luckily because you did not use margin so you were not liquidated in past bear market. You were lucky too because you did not store your bitcoin on exchanges that died in past bear market. It can be your luckiness or your right decisions to store your bitcoins with a good method, not on exchanges.

[Bushdark]

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 is a very good pair and you can make some good amount of money when the market is pretty volatile. There are similar pairs like this one that we can trade too since there are different altcoins in the market with very good movements. No matter the kind of trader that you are whether you like trading on smaller timeframe or bigger time frame, you can always make profits depending on the capital you are using to trade.

I don't get you, do you mean that you don't you stop loses? Even the pro traders have learnt there lessons to always use a stop lose when trading in the market since we are not so sure what the market is capable of doing and how it will effect the bull run or the bear run. No matter how good you are in the market, you need to make sure you trade with stop loses to avoid a bigger mistake.

[wxa7115]

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.

From the experience I have got with these kind of senario not easy as you think, I was cought up in 2017, bought at the top and the continues to melt down, it was a painful experience that each day, weeks and months I didn't see for once where the price come to my entry point to have the opportunity to exit the market. Therefore If eventually I bought BTC and it happens to be at ATH, where the price fails to make new highs, To be sincere it doesn't make sense to hold at that point and immediately I'm getting out of that market because I will have a better opportunity by applying DCA strategy to buy at cheaper prices while the price crashes.

And many people use the same strategy, after all if you bought at the top or at least near that level then it is going to take years before you can breakeven, if that is the case then it is way better to just sell your coins and accept a small loss and then buy bitcoin near the bottom.

However there are people that went through this experience and they were still able to hold their coins and obtain profits during the next bull cycle, it is just that doing something like this requires a godly holding skill that almost no one has.

[slaman29]

And many people use the same strategy, after all if you bought at the top or at least near that level then it is going to take years before you can breakeven, if that is the case then it is way better to just sell your coins and accept a small loss and then buy bitcoin near the bottom.

However there are people that went through this experience and they were still able to hold their coins and obtain profits during the next bull cycle, it is just that doing something like this requires a godly holding skill that almost no one has.

It's always going to be a losing battle statistically, if you hope to buy at the bottom to sell at the top, because Bitcoin is 95% in the bottom and only 5% at the top. Which is the whole reason of DCA being the most successful strategy. It forces you to buy at all instances, top or bottom, but results in 95% of your buys being at the "bottom"

The only thing about DCA is to set a target or to keep track of investment value (at time of buying) and to ensure you sell when overall investment return is up. Not difficult at all once you use DCA > 1 cycle.

[wajik-tempe]

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 buying and selling.

Is there anyone like me here?

I will likely say you are  into holding not trading cause for trading they are more of decision making you must follow signals to read what the trade market is said that period you can not just predict charts you will have to all way keep an eye for loss signals and always keep an eye on your candlestick that is the movement of price without the candlestick the display of the high, low, open and closing of a prices of a security without this it will not be able to display and also for trading, signal are much used without
them you can not called them trading

Trading entails making active judgments based on signals, market research, and constant monitoring. When paired with other technical indicators, candlestick analysis assists traders in making better educated decisions. Trading signals provide particular entry and exit locations for traders. Without dependable trading signals, making decisions becomes difficult, and trading may lack a systematic approach.

[Findingnemo]

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 buying and selling.

Is there anyone like me here?

I will likely say you are  into holding not trading cause for trading they are more of decision making you must follow signals to read what the trade market is said that period you can not just predict charts you will have to all way keep an eye for loss signals and always keep an eye on your candlestick that is the movement of price without the candlestick the display of the high, low, open and closing of a prices of a security without this it will not be able to display and also for trading, signal are much used without
them you can not called them trading

Trading entails making active judgments based on signals, market research, and constant monitoring. When paired with other technical indicators, candlestick analysis assists traders in making better educated decisions. Trading signals provide particular entry and exit locations for traders. Without dependable trading signals, making decisions becomes difficult, and trading may lack a systematic approach.

What you said maybe the definition of trading or something but it doesn't necessarily have to follow all these to be a trader, like OP's strategy which is the most successful trading strategy buy and wait for the profitable days to come which can be very long term trading or can be called as investing but at the end its about making money not about who can say what is the actual definition.

[Flexystar]

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?

Oh yes count me in mate. There are definitely more than enough people who are like us who are just trading to earn small profits and do not understand the sticks and charts. I have started to read about the trading patters in general for now. Just the basic stuff but I am not sure if I will go very far with that. The first case scenario is very simple, I am more or less HODLER of bitcoin rather than trading it for small profits and big losses. It is always or most of the time second case which would happen to me so I am always staying away from the whole trading thing. The only time I would trade is when there is high margin in between my entry point of Bitcoin price and the exit one. I would just book whatever profit it is and start my hodling process again. That's the only trading I can do with my bitcoin.

[nurilham]

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

Even if you trade with small money, it proves you are a real trader. 

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.

Actually, it is also applied to other top coins such as ETH, BNB, ADA, SOL, MATIC, DOT, or TRX.
If you can't find the best price for selling them, just keep them on the wallets until altcoins season. We don't need to feel worried because they have strong fundamentals, the price will increase in the bullrun season.

Why is bitcoin good for trading? I think there are many better options out there. At least, I would not consider bitcoin as the best option.

Indeed. Bitcoin price increase seems a bit slow, its volatility isn't as high as altcoins. So, it is difficult to expect earning profits quickly by trading Bitcoin. If we want to get profits faster, altcoins are a better option, especially the top altcoins. Altcoins can increase their prices in a short time, specifically if there is good news related to its project development. However, altcoins are riskier since the prices can drop more significantly, too. The prices are easy to drop whenever there is bad news related to the coins.

[Fivestar4everMVP]

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, yeah, I guess I am just like you for going to maybe 2 years now, really been a while since last I traded seriously, though my trading doesn't particularly involve bitcoin alone, I Can buy or sell any crypto asset of choice, but then, its always the usdt pair for me as well , this help me keep good track of my gains and losses.

And by the way, trading the spot market isnt as interesting as trading futures, though the futures market is highly risky, but that is where real money is made from trading, professional traders have close to nothing with the spot market, every one is focussed on futures, I've always had a great time trading the futures market before I decided to take it slow and give attention to other important things.

[TheUltraElite]

Trading entails making active judgments based on signals, market research, and constant monitoring. When paired with other technical indicators, candlestick analysis assists traders in making better educated decisions. Trading signals provide particular entry and exit locations for traders. Without dependable trading signals, making decisions becomes difficult, and trading may lack a systematic approach.

Dependable trading signals don't exist, my friend. They are mostly scammers trying to lure a newbie into a tricky situation where they pump and dump their own shitcoins while they go in the opposite direction themselves. Trading is done by observing the market movement and then placing orders which lead to a net profit in the difference of buy and sell. There are signal groups but they are all scam
Remember that your loss here is another person's gain and this trusting someone else's word on trading leads to a loss.

Appreciate the charts and read the indicators but don't go for signals.

[Timmzzy]

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?

This place i highlighted is a kind of advise to your own self right, but dont you think is better to keep that decision to yourself rather than say it out here, because you know we have newbies who are still trying to trade the financial market and little do they understand what you are doing at your own end, probably you have made some money already to backup your method incase the market went really deep against you. And many newbies traders wont know this and probably will want to follow your step, because of the way you said it HERE

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

[UchihaSarada]

Dependable trading signals don't exist, my friend. They are mostly scammers trying to lure a newbie into a tricky situation where they pump and dump their own shitcoins while they go in the opposite direction themselves. Trading is done by observing the market movement and then placing orders which lead to a net profit in the difference of buy and sell. There are signal groups but they are all scam

Depending on their signals, you will gain first but soon you will lose. Because they can not succeed to pump all shitcoins and of you buy up price when a coin is pumping, it can collapse instantly after your buying.

Those coins are not rising organically and they lack of real demand to keep up their prices. So when trading volume is rugged by those group signal operators and whales, prices have to be pulled back, more quickly than how they rose. Big red candles are similar seen on altcoin charts.

Remember that your loss here is another person's gain and this trusting someone else's word on trading leads to a loss.

Appreciate the charts and read the indicators but don't go for signals.

Read trading volume, volume profile VPVR. They show traces of whale activities and potential dumps.

[petulino]

Indeed. Bitcoin price increase seems a bit slow, its volatility isn't as high as altcoins. So, it is difficult to expect earning profits quickly by trading Bitcoin. If we want to get profits faster, altcoins are a better option, especially the top altcoins. Altcoins can increase their prices in a short time, specifically if there is good news related to its project development. However, altcoins are riskier since the prices can drop more significantly, too. The prices are easy to drop whenever there is bad news related to the coins.

You are absolutely right that most people choose altcoin for trading, and the main reason for this is that altcoins are more volatile than Bitcoin. An experienced and good trader can make a good profit where there is high volatility, but for trading also your choice should be among the good and top coins of the market. Some people start trading in new coins where their capital is trapped when the price suddenly drops. Therefore, it is necessary to have complete information and analysis about that coin before trading.

I think Bitcoin should be chosen for long term investment rather than trading. This is because you will need more capital to trade in Bitcoin. Whereas in altcoin you can start your trading with less capital.

[Jocuserious]

Since i was bought btc for only holding but some time later i got skills about trade then really i enjoy it. There are lot of people here to choice btc only for long time investment and this idea not bad to me. This way very helpful for making profits with very low risk. But you have a best experience which time is good to buy and sell.

[Huppercase]

Since i was bought btc for only holding but some time later i got skills about trade then really i enjoy it. There are lot of people here to choice btc only for long time investment and this idea not bad to me. This way very helpful for making profits with very low risk. But you have a best experience which time is good to buy and sell.

It's about a choice and what we all like, some traders preferred BTC/USD because it's the only pair that determines the move of other trading pairs, they feel trading such will help give them their goals unlike Alts that are controlled by some whales and cabals that control the market the way they like, bitcoin might also have whales that still control this market but the influence is minimal when you compare it other altcoins, this is why it's many traders favorite.

However, you should know that there is a draw back to how BTC/USD is traded, it can only be enjoyed when you have much money to trade it, you can't enjoy trading BTC withess than a $1000, any funds that is less than this amount will be a penny when bitcoin make a moves, but it safe to say that trading such pair is the most safest trade in the crypto market.

[usekevin]

When you are new to trading,it’s good time to learn trading using your free time.The important one is you need to check,your credit card or debit cards accept by the exchange.Then buy some usdt using the exchange,then it’s easy to convert to bitcoin.The usdt was used to by more people to buy some bitcoin.Because the value of bitcoin was never changed,most of the time traders buy some usdt at the price dump time.

[BD Crypto]

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.

Bitcoin is undoubtedly a potential investment for long terms so if your intention is to hold it for a long time then it will obviously give you good returns. But it's not actually a good idea for any trader or investor to buy without analysis or just like gambling.

If you trade without analysis then it's like you are gambling. But holding for long term is another type of investment. But it also should have a good strategy like you can do DCA (Dollar Cost Avaraging). Anyway it's my personal opinion but it's very important not to invest like a newbie.

[Nazmul012]

Is this your strategy? Then you Should better to avoid trading and only hold btc. Cause such way is dangerous for trading. Buying btc From peak may recover your capital durning bull session but till that, you Can't do any trade! Have you think about it? Thats bad idea, in my option. Bedsides real traders not only trade only with btc but also they take advantage with others potential coins if opportunity come

[Ziskinberg]

Is this your strategy? Then you Should better to avoid trading and only hold btc. Cause such way is dangerous for trading. Buying btc From peak may recover your capital durning bull session but till that, you Can't do any trade! Have you think about it? Thats bad idea, in my option. Bedsides real traders not only trade only with btc but also they take advantage with others potential coins if opportunity come

Trading, buying, or whatever it is was pretty dangerous if we don't have any tools used and proper knowledge. We can't just rely on our instinct here, though it can still be used but not to the point that this is the only thing we have on our investment or trades. It is good to know how the market works and the been aware of the situation, and using charts, candlestick, TA, etc are great tools needed in order to have profitable trades or investments which I see OP don't have.

Well, he is not a real trader as he said but even that, he needs to learn things like what I've mentioned if he wanted to improve.