Opinion Piece. Please share your Opinion on Crypto trading Questions

[Frankolala]

1. A crypto trader is someone who buy and sell crypto in an exchange for profit.

2. As a trader only one cryptocurrency wouldn't be a wise decision to depend on alone,so I also trade on other cryptocurrency.

3. It depends on how the market movement is that gives me the right strategy to use.

4. I use both the technical and fundamental analysis because they are important,if you want to be a successful trader.

5. I use more of Binance for my trading activities.

6. Yea, apart from exchange there are some WhatsApp group that are also into buying and selling of crypto but you should have a trusted person to trade with. Physical contact is also good,when you have a people around you that are into crypto,you can let them know that when they want to buy or sell they should contact you.

[macson]

1. Who is a crypto trader?

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

3. How many trading strategies do you use and which is your favorite?

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

5. As a crypto trader what is your favorite crypto exchange you use for trading?

6. Are there other ways you trade crypto without using an exchange ?

1. there is a term for people who buy, hold or sell crypto (bitcoin or altcoin)
2. Bitcoin is my main focus but i not only trade on Bitcoin, i also trade on 2 other altcoins ^{(i still implement the strategy of not putting money in just one basket)}
3. So far i have implemented 2 trading strategies, that is contrarian trading and long-term trading, both of which are my favorites.
4. the combination of both ^{(technical analysis & fundamental analysis)} is very important.
5. only 2 exchanges where i trade; those are binance and kucoin.

[teosanru]

1. Who is a crypto trader?
Ans: anyone who regularly buys and sells crypto for speculative purposes is a trader.
2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?
Ans: I trade almost all the major Cryptos and even some mid cap Cryptos as well but only sometimes.
3. How many trading strategies do you use and which is your favorite?
Ans: I used a complete trading system, in which I buy when my system which is a set of price action, indicators and volume data triggers a buy/ sell call
4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?
Ans: I think fundamental analysis in crypto is a greatly flawed until now. It's only news and events which are beneficial because products can be very good on paper but look rubbish when implemented. Quantitative data is better.
5. As a crypto trader what is your favorite crypto exchange you use for trading?
Ans: Binance
6. Are there other ways you trade crypto without using an exchange ?
Ans: yes obviously p2p basis but obviously it's not that fast so can't be used for trading and also not for people who like to regularly do trading.

[jeraldskie11]

1. Who is a crypto trader?

A person who trade crypto regularly.

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

Before, I trade other cryptocurrencies, but because I encounter couple loses trading with alts I decided to trade only Bitcoin for now.

3. How many trading strategies do you use and which is your favorite?

I don't think if I call it many strategies but I'm sure that I used them as confluences in my trades.

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

As a trader, I usually focus to both because you have to identify that there's no manipulation that will going to happen when you trade.

5. As a crypto trader what is your favorite crypto exchange you use for trading?

I have tried many exchanges but for trading I only use Binance.

6. Are there other ways you trade crypto without using an exchange ?

I don't think so, maybe P2P.

[KingsDen]

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

Many of the day traders do not trade bitcoin pair. Altcoins make better movements than the bitcoin and it is the movements that brings profit. So, majorly altcoins are traded more than BTC.

3. How many trading strategies do you use and which is your favorite?

This question should not have a specific answer. No one uses only one strategy. Infact, strategies are tested against the other to validate it.

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

Combination of both. Before now I thought technical has it all but now I have learnt the power of fundamentals and respect it even more than I respect technical. But the knowledge of both will make you outstanding.

5. As a crypto trader what is your favorite crypto exchange you use for trading?

Any exchange that you will be sure to meet tomorrow when coming to trade again.

[lixer]

From the responses I got, most persons trade Bitcoin and altcoins but mentioned that they are comfortable trading Bitcoin and avoid altcoins because of their high volatility. As for trading strategies, they use more than one trading strategies. Also to be able to make informed decision, most of the traders use a combination of both technical and fundamental analysis. I'm terms.of trading platform, the most preferred is from the majority of responses is the centralized exchanges. Interesting. Thanks to everyone who responded.

Yes, Bitcoin is known as that but there are times that Bitcoins becomes stable while altcoins are now the ones who move up and down, so it's not also wrong if we can add altcoins as a back up so that we can continuously print money. Two is better than one as they say, so it's also better to have more than one strategy. I guess that is because the market is changing from time to time. It is unexpected so it's important to have a back up strategy, just like what we do earlier or to have a back up crypto once something bad happen to the first one that we are using.

When it comes to analysis, I think it was technical is the favorite of the traders, but it's not wrong to include fundamental if we think we can benefit on it as well. As for the type of exchange, that's right, many prefer CEX even though it requires KYC. I guess that's because it can do a lot of things, or it's also much easier to navigate on it than the DEX.

[Lakai01]

Many of the day traders do not trade bitcoin pair. Altcoins make better movements than the bitcoin and it is the movements that brings profit. So, majorly altcoins are traded more than BTC.
-snip-

Why do you think that? Especially in day trading it is important to bet on coins with a lot of volume to be safe from too violent swings where then immediately stop losses would take effect. Here Bitcoin is much better suited than smaller coins with less volume. Also, day trades are repeated very often per day, so individual swings hardly play a role. If you need the risk, you can still use leverage ...

[JunaidAzizi]

1. Who is a crypto trader?
2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?
3. How many trading strategies do you use and which is your favorite?
4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?
5. As a crypto trader what is your favorite crypto exchange you use for trading?
6. Are there other ways you trade crypto without using an exchange ?

Here are the answers pf your questions, I will try my best to understand them for you in a short sentence ,.
1- That person who invests in cryptocurrencies just to take profits from it is the crypto trader.
2-No I am not only focusing on bitcoin but also Ethereum etc. and yeah my priority will always be bitcoin.
3- I follow only one strategy nowadays which is day training which gives me good profits.

4- No I followed the bot because it is very necessary for  a successful trading
5- Mostly I used Binance which is less complex and easy.
6- Yeah there is another way that you used without exchange is P2P

[milewilda]

Hi all,
I have some questions to ask y'all about trading from your personal point of view. I am looking to learn and put an opinion piece about trading. So your responses will be much appreciated. I decided not to make it a poll because it will limit the responses I get and I want y'all to be free to express yourselves based on your experiences.

1. Who is a crypto trader?

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

3. How many trading strategies do you use and which is your favorite?

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

5. As a crypto trader what is your favorite crypto exchange you use for trading?

6. Are there other ways you trade crypto without using an exchange ?

1. The ones who do trade with crypto. lol
2. Bitcoin mainly but on the time that i do see some good entries specially on alts, then i do tend to engage and take that opportunity
3. Technical analysis, support and resistance lines, MACD,RSI,BB,EMA and some mix of stochastic
4. If there's fundamentals or news then i do try to correlate it with my TA's and see if it do perfectly match up.
5. Binance and OKX
6. What you do mean? Trading on other form would be in means in P2p which you could possibly able to do on an exchange.

Trading with an unpredictable market is really that hard. You would really be needing to find combinations and possible entries which you could really be able to take advantage with.
Its a continuous process because finding up some good entries and trying out to maximize on whatever things would be then it would be always that necessary or ideal.

[gabbie2010]

Hi all,
I have some questions to ask y'all about trading from your personal point of view. I am looking to learn and put an opinion piece about trading. So your responses will be much appreciated. I decided not to make it a poll because it will limit the responses I get and I want y'all to be free to express yourselves based on your experiences.

1. Who is a crypto trader?

Crypto trader is a person who speculate the next price action based on some Technical and fundamental Analysis to have an edge over the market.

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

I trade mostly BTC/USDT and occasionally ETH/USDT, the price movement of Bitcoin usually dictate the movement of other cryptos.

3. How many trading strategies do you use and which is your favorite?

I only use one trading strategy which is based on breakout of price and retouch of the resistance and support zones thus I capitalize on volatility of the price.

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

I solely rely on Technical Analysis for taking any trading decision and checking and getting updated on Fundamental news is most because it can make or mar the outcome of any trade.

5. As a crypto trader what is your favorite crypto exchange you use for trading?

Binance is my favorite exchange because of it numerous features which are topnotch and it platform is user friendly and easily navigable.

6. Are there other ways you trade crypto without using an exchange ?

No.

[Franctoshi]

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

Before I used to trade a variety of coins depending if there was a profitable opportunity, but as time progressed I decided to focus on trading only one coin "Bitcoin", and to be sincere I saw tremendous success with paying all my attention to one coin, and with time I began to understand Bitcoins behavior and they way to react with its price movement.

[blockman]

1. Who is a crypto trader?

Someone who uses crypto for trading into another crypto or fiat.

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

I do the latter.

3. How many trading strategies do you use and which is your favorite?

Almost any strategy that I'll do as long as I think that I'm on favor, I'd do any of it.

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

Mostly in fundamentals with a little bit of TA.

5. As a crypto trader what is your favorite crypto exchange you use for trading?

Binance.

6. Are there other ways you trade crypto without using an exchange ?

P2P I guess.

[Wind_FURY]

1. Who is a crypto trader?

OP, are you asking who are the actual traders in BitcoinTalk who truly do it professionally? I believe none, they don't go here in the forum.

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

Personally traded shitcoins before, currently HODLing Bitcoin, but I MIGHT trade shitcoins again if it's an opportunity to increase Bitcoin.

3. How many trading strategies do you use and which is your favorite?

Buy the DIP and HODL, if you can call it a "strategy"? Let's merely call it priced-based entry, time-based exit.

4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?

I don't know. Haha. I use Luck Analysis.

5. As a crypto trader what is your favorite crypto exchange you use for trading?

As a pleb, no favorite, everyone is asking for KYC.

What's your favorite?

6. Are there other ways you trade crypto without using an exchange ?

"Without an exchange" for actual trading? That would be a miracle, OR a service with high asking fees.

[gunhell16]

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

Before I used to trade a variety of coins depending if there was a profitable opportunity, but as time progressed I decided to focus on trading only one coin "Bitcoin", and to be sincere I saw tremendous success with paying all my attention to one coin, and with time I began to understand Bitcoins behavior and they way to react with its price movement.

You're doing a good job when you focus on one thing. And when you've established it well, that's the kind of thing where you know you'll actually make money with Bitcoin at the end of the day. The important thing is that you achieve our goal and target.

Now that we're going to keep that, it's up to us now if we want to increase our coin resources apart from the Bitcoin that we trade on an exchange. Just make sure that we also know the right step and the right crypto that we will add besides Bitcoin.

And when our first established resources are affected, it just means that it is not the right time to add resources; therefore, you have to stick to Bitcoin.

[palle11]

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

Before I used to trade a variety of coins depending if there was a profitable opportunity, but as time progressed I decided to focus on trading only one coin "Bitcoin", and to be sincere I saw tremendous success with paying all my attention to one coin, and with time I began to understand Bitcoins behavior and they way to react with its price movement.

I also feel what you are saying here. Trading only one pair is really of advantage because it gives you the much time needed to focus on it, you will have time to read your chart and analyse properly to get a maximum benefit of it unlike trading multiple coins just for greed and yet there is possiblity that at the end you lose both multiple trades. To trade a pair and focus on it gives you concentration to monitor it incase the trade is going wrong you can opt out or you may want to adjust your stop loss or take profit parameters. I have witnessed this, to trade few pairs gives better focus than having multiple pairs which effect is greed.