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

[Mehedi72]

I don’t know whatever you are doing, it is really a Trading or gambling! As you already admit that you don't know trading that means you just buy or sell whenever you want, thats more likely a gambling. I don’t think you can continue thus process for long timd cause if bitcoin dump you need wait for long time and sometime if you make profit with usdt, it doesn’t mean you make profit. Actually its about bitcoin amount! Is that increased or not! I think learning is more important. So try to learn and practise with demo account. Now your wish, do whatever you decided better for you

[Hypnosis00]

What you are doing is not 100% trading but in fact you are just applying the DCA approach to your bitcoin so you are ultimately a holder, not a trader and that is what I can decode from all that you have said, bitcoin is the most suitable asset to hold for long term and USDT is the most suitable stablecoin that you can apply it cost to your bitcoin holding and profits taking approach.

Yeah, your right. In fact, even asking traders and even me, I was seldom using the BTC pair in trading because it was not really profitable unlike when using altcoins. of course, if we are talking about holding, Bitcoin is the best option to take but if we are trading, we can't benefit from its volatility which is why altcoins seem to become ideal when it comes to trading. Well, we also have to consider a thing that we live comfortably because this is also a big factor that would affect our decision making.

[Inwestour]

Yeah, your right. In fact, even asking traders and even me, I was seldom using the BTC pair in trading because it was not really profitable unlike when using altcoins. of course, if we are talking about holding, Bitcoin is the best option to take but if we are trading, we can't benefit from its volatility which is why altcoins seem to become ideal when it comes to trading. Well, we also have to consider a thing that we live comfortably because this is also a big factor that would affect our decision making.

But this cannot apply to all altcoins, since there are quite a few that have shown the worst results compared to bitcoin at the moment, if we evaluate it since November 2022, when bitcoin reached its ATL. Therefore, Bitcoin also has a very good potential for trading, but everyone will decide for himself what is best for him. Maybe some altcoins are really good, but you have no guarantee that you will choose the right ones. I think that bitcoin can be good for both long-term investment and trading.

[Uruhara]

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?

I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.

But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.

[EarnOnVictor]

What you are doing is not 100% trading but in fact you are just applying the DCA approach to your bitcoin so you are ultimately a holder, not a trader and that is what I can decode from all that you have said, bitcoin is the most suitable asset to hold for long term and USDT is the most suitable stablecoin that you can apply it cost to your bitcoin holding and profits taking approach.

I was actually perplexed about what the OP wrote, this is certainly not trading, it's not instinct trading as well but a pure gambling. Or what else could anyone call this approach? I would have even thought that he's an ardent hodler but for the narrative that he still sells his coin at ATH. The question is how does he know the ATH itself? No one does as the market decides that on its own and people get to know after several activities below the level.

Only a good higher chart speculation could later reveal that a reversal is underway or has happened. This is only when a real trader knows the right time to opt from it if they want to. But the explanation of the OP states otherwise.

[Peanutswar]

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?

There's nothing wrong with it no matter how big or small consider yourself as a trader because you are trading a coin into different assets, bitcoin is the mother of all coins, and people consciously use this coin for daily transactions, it could be for the use of payment, trades and etc. that cause the market volatility and also the bitcoin ahs a lot of pairs so expect that there's a price movement with it, people always want to trade because they want to get ride with the price of the market even a small trades can be considered a win.
Seems like you are trading base on luck which is not ideal not all the time its good consider an investment with your knowledge too so you can prevent to lose more money even its a small amount still consider a money.

[armanda90]

Dollar price not stable yet with my local currency convert actually last two months drop almost 5%, but its not hasn't good choose when trading except with stable coins between USDT or BUSD. I agree with OP opinion focus trade with Bitcoin only because get chance recovery to higher price in short term than altcoin. My portfolio right now many kinds of altcoin holding after buying on higher price, almost several moths ago waiting for altcoin price recovery but looks need more patience.

Not the same with Bitcoin success wake up to higher price without waiting for long term, have dropped until $15k and Bitcoin price right now have been up 100% after raising to $32,000 last highest price in this month. Regarding my experience loss investment in altcoin, for the future I have decision trade with Bitcoin only and not interested yet trade with altcoin.

[jaberwock]

I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.

But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.

It's definitely not easy, but also it is not easy to see your money dwindle and nearly become nothing by investing at the wrong things. Of course if you invest just into bitcoin and ethereum that means you are not going to lose money unless you sell when it goes down. That means as a long term investor you would make a lot of money if you just keep waiting on it.

However there are a lot of people who would not be a big deal, they are just doing this because they think they should and that makes it work very well. In the end, we are talking about something that would be a big deal when it comes to trading as well, and your friend is right, if you take it seriously then you could trade anything and make a profit if you know how to do it.

[JahriMeayer]

Start trading without having proper knowledge, will make you looser most of the time. After reading your post, it sounds like you are more than a bitcoin holder than a trader, who open trading randomly when willing so without following any instructions or strategies. As bitcoin is safe investment, so you don't care if price go down cause you can wait 1 or 2 years till bull run come and recover everything!  That isn’t sound wise to me. Rather learn about trade and looking for all possible currency what could make you profitable

[CarnagexD]

Start trading without having proper knowledge, will make you looser most of the time. After reading your post, it sounds like you are more than a bitcoin holder than a trader, who open trading randomly when willing so without following any instructions or strategies. As bitcoin is safe investment, so you don't care if price go down cause you can wait 1 or 2 years till bull run come and recover everything!  That isn’t sound wise to me. Rather learn about trade and looking for all possible currency what could make you profitable

I guess what OP does is Spot Trading. That type of trading is very friendly to those who are begging traders because what he has said, he won't lose any money unless he sells his position in negative.

There is nothing wrong with that. In fact, there is an advantage of using real money trading because you will realize sooner the pressure of trading especially on the side of psychology where most people mess things up.

Also, there is nothing wrong with being a holder. That is the consequence of having the wrong analysis and that is a normal part of the game. What works for him does works for him and made his money and that's what matter.

[Tahid12]

Dollar Cost Avaraging! May profitable for some fields but buy sell doing trade staking and all those things need to know properly before starting. It is always mandatory to have knowledge about market, how it market get effected during good news and bad news, using of indicates, understanding candlesticks and all those things are very need. Otherwise some process may give you temporary benefits but when market will show you its cruel face and you don’t know how to face it, that time You'll realize the meaning of trading, meaning of life

[HONDACD125]

Dollar Cost Avaraging! May profitable for some fields but buy sell doing trade staking and all those things need to know properly before starting. It is always mandatory to have knowledge about market, how it market get effected during good news and bad news, using of indicates, understanding candlesticks and all those things are very need. Otherwise some process may give you temporary benefits but when market will show you its cruel face and you don’t know how to face it, that time You'll realize the meaning of trading, meaning of life

You suggested well that it is the cryptocurrency market where trading is difficult without learning and knowledge. Of course it is very important to know about the market and especially about the things that affect the market more. Since Bitcoin is considered to be the most reliable currency in the market, he trades in Bitcoin without experience and knowledge, and he invests instead of trading. If the market goes down, he does not sell it but keeps it. Of course, investing in Bitcoin is considered safe, but it's not meant to be an entry you can take whenever and wherever you want. Only a good entry can give us good profit.Otherwise no profit can be expected. Choosing a good coin is not enough.

[jaberwock]

Dollar Cost Avaraging! May profitable for some fields but buy sell doing trade staking and all those things need to know properly before starting. It is always mandatory to have knowledge about market, how it market get effected during good news and bad news, using of indicates, understanding candlesticks and all those things are very need. Otherwise some process may give you temporary benefits but when market will show you its cruel face and you don’t know how to face it, that time You'll realize the meaning of trading, meaning of life

I think it will still depend on the coin that we choose because what if it's a scam, or it got weaker later on? Our DCA will only be useless this way. The same goes for trading and staking a crypto. Obviously we need to familiarize our selves first about them (the activity) before we proceed, so that we can minimize our risk of losing.

As far as I know, indicators and candle sticks are only being used in trading (not in staking or in investing). Trading must have a different approach during a gloomy market but in investing or staking, I think the only thing that we can do about them is to stay calm and continue holding till the storm has passed.

[puloweh555]

I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.

To be honest, this is also what I do to invest and trade in BTC. Just relying on instinct, even though this is wrong but one day I can benefit from it. BTC does not need to learn much to analyze charts, because BTC has the potential for long-term investment. All we need to do is buy and hold it until waiting for the halving moment to arrive.

But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.

Yes, that's right, crypto trading, especially altcoins, really requires strong analysis and more knowledge. Because you can't be careless in trading because this can make you lose a lot of money. Apart from learning from friends and sharing online media about trading, the most important thing is to educate yourself. Don't buy crypto before knowing the fundamentals, if necessary, use a demo account first. Then when you are consistent, start trading with real money but with small amounts first. Because for me, besides BTC, you can't just rely on instinct.

[Uruhara]

I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.

To be honest, this is also what I do to invest and trade in BTC. Just relying on instinct, even though this is wrong but one day I can benefit from it. BTC does not need to learn much to analyze charts, because BTC has the potential for long-term investment. All we need to do is buy and hold it until waiting for the halving moment to arrive.

But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.

Yes, that's right, crypto trading, especially altcoins, really requires strong analysis and more knowledge. Because you can't be careless in trading because this can make you lose a lot of money. Apart from learning from friends and sharing online media about trading, the most important thing is to educate yourself. Don't buy crypto before knowing the fundamentals, if necessary, use a demo account first. Then when you are consistent, start trading with real money but with small amounts first. Because for me, besides BTC, you can't just rely on instinct.

Trading in bitcoin can indeed be said to be quite safe. Because even when we buy and the price goes down, we can still hold it in peace and just wait for the next increase. And we can even make it a long term investment.
In contrast to altcoins which do require a more thorough analysis. And yes, you are right that we should not buy altcoins carelessly before we really know the fundamentals of these altcoins.

And trading in altcoins we really have to master all kinds of analysis. Even financial management and risk management are also needed in this trade. The point is trading in altcoins has a very high risk. Because if we buy and the price goes down. then maybe the price will not go back up. Because many altcoins continue to experience declines, even exceeding 90% since they were listed on the stock exchange.

[Ricardo11]

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

[bitcrystal]

This is not active trading, i would call this passive trading. i would like to know if you bought bitcoin at the last top and how do you feel seeing the dollar value go down from the ATH? a lot of people wont want that i believe. this kind of method feels to me like someone who is just buying BTC in bits with little funds anytime he feels like. there are many people doing this as well. for me i wouldnt like to buy at a top and then the dollar value keeps going down. if i decided to do long term hold then i would do DCA at different prices so it will reduce the number of waiting period. 

[Biznesmen]

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.

That's simple and basic advice for all traders: buy when it's low and sell when it's high. These golden words are for remembering when you enter the market, even if you're trading out of curiosity. Even if it's a stable coin or Bitcoin, you can assure profit just by following this advice and doing some research on market trends. You can follow your own guts and instincts, but are you only depending on that or going to check reality as well? Just think.

[EarnOnVictor]

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

You say this as if it's that easy, if it's indeed easy, I'm sure that everyone must have been getting rich in Bitcoin by now. Trading is easier when saying but practicalizing it is the issue. You can try to learn and learn and still not get to make any reasonable amount from Bitcoin, which is why I say that Bitcoin is risky just like any other listed/traded online assets, it's only a few people that get the money out of it. It's better to invest/hodl rather than trade, this at least will limit the emotion and stress in trading as it only entails putting the money there and walking away for a long duration of months, if not years. But in trading, you have to speculate regularly and get to protect your portfolio with the right plans and management, but in most ends, the trader gets to lose.

[poodle63]

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

its all about taking advantage of the ups and downs of bitcoin , basically getting that margin from the price swings.
with bitcoin the swings are quite frequent unlike any other investment instruments, even more frequent in altcoins which of course sometime the swinging going too far it just lost its value.

when it comes to trading indeed bitcoin and cryptocurrency in general are really good for that purpose, because fluctuation still prominent.
but we need to know that in cryptocurrency there is trend, without knowing trend we might be forced to cut lose.