Opinion Piece. Please share your Opinion on Crypto trading Questions

[alastantiger]

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 ?

[mk4]

1. A person that trades crypto?

2. Other cryptocurrencies, and stocks.

3. Nothing specific. But I trade based on narratives and based on protocol metrics.

4. Exclusively fundamental analysis. Though when I want to buy a coin and it just keeps on dropping, I wait for a small bounce before pouncing in. That's pretty much the only price chart thing I do.

5. DEX aggregators: 1inch, Matcha, etc.

6. Pretty much OTC is the only way to trade without a CEX/DEX/P2P? But no I haven't used OTC.

[GreatArkansas]

(....)
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 ?

5. For, I am currently using Bybit as they have this amazing user interface and user experience, It is very user-friendly especially their mobile application, and easy to use. Another I am using is Binance.

6. I think for this, it is more likely you will use peer-2-peer off the exchange, like not using any crypto exchange platform, like buying/selling to someone like personally or having in contact in social media or any communication just to be able buy and sell crypto.

[Gallar]

1. Who is a crypto trader?

Crypto traders are definitely people who have decided, or are interested in trading in crypto. What is certain is that the person must be prepared for all the consequences/risks.

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

Broadly speaking, I invest and trade in bitcoin and some altcoins (crypto). But most of my money is invested in bitcoin, which I earmark as my long-term investment asset. And the rest of my money is spread into several altcoins (crypto), which are intended for short-term and medium-term trading.

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

I personally don't use too many crypto trading techniques. But I only use the DCA technique, which in my opinion is more than enough to make my crypto trading continue to grow.

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?

Of course, I use both techniques. Because in my opinion the two techniques are very important and must exist with each other. And not only these two techniques, I also use sentimental analysis to see emotional market movements.

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

For now I only use binance. Because binance is the best crypto exchange in the world and also has a huge trading volume. And besides that, binance also has a good reputation.

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

Basically, I definitely can't. Because the exchange is a place for cryptocurrencies to be bought and sold.

However, this is possible by using P2P directly, without intermediaries such as exchanges, and by sending crypto from wallet to wallet.

[Oshosondy]

1. Who is a crypto trader?

A crypto trader is someone or a trader that makes use of cryptocurrency trading to make money. It can be through arbitrage trading, trading in the spot market, but those that are most regarded as a crypto trader are those that trade in the derivative market. But all those that I have mentioned are all crypto traders as well.

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

I do not have a perfect answer for that. Most of my trading this year are bitcoin trading, but I trade altcoins as well. Altcoins are more volatile and are riskier. I can change from one to another at anytime, which can not make my answer here to be accurate.

But I like to let people know, especially the newbie traders, that altcoins are riskier and dangerous. But not that trading is also not risky generally, but bitcoin is less volatile.

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

This can not be answered because strategies are just strategies.

Illustration:
You have 0.005 BTC. You are using 0.001 BTC to trade. You use stop lose, take profit. You do not use SL or TP but prefer averaging. You use indicators like BB and RSI. All these that make you complete a successful trades either you gain or lose are the strategies. So you can not ask how many strategies someone use to trade.

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 focus on technical and fundamental analysis.

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

I use Binance, Bybit, OKX, Huobi global and Kucoin. Recently I am using BitMart but not really.

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

No.

Even about exchanging cypto to fiat or fiat to crypto and if I do not use a centralized exchange, decentralized exchanges that I use are still exchanges.

[benalexis12]

1. Who is a crypto trader?

Of course, the person who has knowledge of crypto that he wants to trade.

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

I trade them both and it depends on the situation or condition of the chart in its movement.

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

That depends on the tools you want to use in your trading activity.

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

I didn't just focus on TA and FA, it still depends on the market situation.

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

Binance, Bybit, Okx, and Mexc at the moment

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

There is one here in our area via online where I transact with them.

[Franctoshi]

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?

To trade profitably there has to be combination of numerous factors to analyze the market that helps better or enhancing your trading experience such as; putting fundamental and technical analysis into consideration. One thing you could find among traders is that some are technically dependent traders, while some are traders that are fundamentally dependent or make one of the two a subordinate in their market analysis.

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

It makes a lot of sense to have more than one or two trading strategy to navigate the market.

[onecall123]

1. Basically a crypto trader is a person who buys and sells cryptocurrencies, such as Bitcoin, with the goal of making money.

2. I do actually engage in trading cryptocurrencies.

3. It depends. Personally, I find that trend-following trading strategy is a timeless and has been proven to work. There are numerous studies that support its effectiveness.

4. Choice between using technical analysis, fundamental analysis, or a mix of both depends on the trader's personal preferences and goals.

5. As a crypto trader, I prefer using Binance as my favorite crypto exchange for trading. Sometimes, I also use Kucoin and Bybit on occasion.

6. NO.

[AbuBhakar]

1. Anyone who buy and sell crypto.
2. Bitcoin and other currency
3. Buy low and sell high is my only strategy. I’m not a full time trader so I only purchase  whenever there’s a buy opportunity such as huge dip like now.
4. I don’t care much both TA and FA as I said already on number 3 answer. I only purchase whenever there’s an opportunity so I only trade base on the current situation.
5. Binance
6. Yes, The forum marketplace but it will require great caution and extra fee for escrow that will push you to just use an exchange.

[Hamza2424]

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?

Haha, weird I'm Crypto Trader...

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

Hmm, Well mostly do trade with Bitcoin but sometimes, Altcoins as well, but I'm only centred in the Crypto market so, simply you can say I do trade with  Crypto market.

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

Hmm, well I'm not a short-time trader, except for the particular market sentiments, For Bitcoin obviously DCA, sometimes Seasonal token hunting, and Da trade with the most possible profit. But DCA is my all time favorite, it better suits me.

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?

Trading decisions taken are mostly based on the combo of technical analysis and fundamental, But as for now you better know the market is completely ignoring both of them and moving along with the sentiments, so sentimetal analysis is necessary before taking any sort of trade.

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

Mostly for trading, I like to use the centralized exchange, as I don't prefer that to everyone but seriously it saves a lot of headaches. Decentralized trading is something that i used to prefer but I'm not regular to that, for some reason, But it doesn't matter at all because my traders are mostly on longer time frames so mostly my funds are not on the non-custodial wallet. In CEX I used to prefer the Kucoin exchange.

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

Yeah, there are, something called P2P. 

[alastantiger]

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.

[Wexnident]

~

1. A trader that deals with crypto...? Is this a trick question or you just generally don't know.

2. I myself trade with other cryptos, in the past it was only Bitcoin but after having a bit more money, expanded my portfolio to a few other altcoins.

3. DCA, if you count that as one. That's the only strategy I'd probably ever use since I have no plans in trying to go full-time in trading. I don't think strategies are that relevant unless you're a full time one.

4. Fundamental Analysis. I have no idea how charts work sometimes really.

5. There isn't really any "best" for me, I just use Binance for the comfort of it.

6. Does DEX count as an exchange? P2P works as well.

[Yamane_Keto]

1) A crypto trader can be defined as a trader who owns cryptocurrencies and trades them on a regular basis.

2) Trading requires that you exchange things, buying Bitcoin is not just trading, but rather an investment. There are several strategies, the most famous of which is DCA.

3) Trading strategies vary depending on the trading pair and the goal of trading, but most often the strategies are to buy before changes occur by following the news or relying on technical indicators.

4) A combination of both.

5) There is no preferred stock exchange, but it varies depending on the country and the purpose of trading.

6) This is like buying and selling without a market or intermediary, it is not possible.

[tbct_mt2]

1. Who is a crypto trader?

Traders are either very professional to get profit from trading or very greed to trade without much knowledge or experience with hope to get profit but in fact they get loss.

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

If they are cryptocurrency traders, they trade both Bitcoin and cryptocurrencies (altcoins).
If they are Bitcoin traders, they less likely trade altcoins.

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

I look at big trend and trade with it because a trend is a friend.

I focus on trading volume, on chain insights, EMA200.

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?

Above.

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 ?

If I trade, I use Binance.

If I don't trade, but cash out, I use other exchanges, peer to peer or Non KYC exchanges.
https://kycnot.me/

[Husires]

I see that everyone who bought cryptocurrencies and traded randomly once or twice and succeeded in doing so calls himself a crypto trader, and perhaps some of them will come to the point that, after a week, they will identify themselves as a crypto expert, and all of them are descriptions of random experiments in trading that led to making profits without having an educational or economic background. Or real reasons why you traded or bought at a certain time or sold at a certain time. The basis of trading for me is news. Anyone who does not have sources that can give him news at an appropriate time and analyze it correctly is not trading in my opinion.

[YOSHIE]

Yes, we know we each have our own strategies and ways of trading crypto, that's for sure, but if you want to know a little about how we do it, that's an extraordinary thing and we humbly tell and answer for you.

My personal experience of crypto trading.

1. Who is a crypto trader?

Of course, we have been preparing from the past until now, to carry out trade.

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

yes, I only do Bitcoin, one thing, no other types of crypto.

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

There is no strategy, what I actually do, just based on my personal instincts.

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?

yes, I only use technical analysis, it is based on my own technical and personal analysis, not based on other people's thoughts.

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

first Binance and second my local exchange.

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

As far as I know, there isn't one yet. )(If there is I haven't tried it, other than on the stock exchange.

That's my answer to your current question, I hope it's useful.

[tjtonmoy]

1. Who is a crypto trader?

Someone who buys, sells, or exchanges cryptocurrency for short-term or long-term profits.

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

Now I only trade Bitcoin. Due to the lack of enough data, I feel that I can not do much with altcoins. Bitcoin is easy to analyze (only if you know the stuff obviously) and its huge available data helps in that process too. So I am into Bitcoin right now.

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

I like to have more than 3 strategies. One for scalping, one for day trading, and if those fails, I try to use long term strategy to make a profit or close the trade with minimum loss.
[Note: I use SL to prevent huge losses.]

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?

Technical analysis is always going to be my first choice. It's based on algorithm and calculation. But with fundamental analysis, it's a bit hard to predict and anything could happen. So I just watch the market when the market is driven by fundamental events and not open any trades.

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

I like to be on the safe side. My personal choice is Binance though it is facing some tough times right now. So I won't recommend it. My next choice is Kucoin. But here's the thing. I keep my assets in them only in times when I really need to. Like open trades. After that, I withdraw my assets to a personal wallet. Not your key, not your coins.

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

I am not familiar with such a thing. But you can say that whenever I need fiat money, I sell crypto. So that could count as one. Maybe. I am not sure tho.

[el kaka22]

Anyone who trades crypto is a crypto trader, this isn't really a question that should be considered depending on the person, if you trade crypto then you are a crypto trader, it's simple. Trading is a thing you can do anything you want with, bitcoin is the thing I trade the most but not only thing, I trade other stuff a bit as well.

Just a few of them, but I rather not share because if people make a mistake then I do not want to be reliable about it. Combination of both FA and TA together, TA is better on the short term and FA is better on the long term. Binance is by far the best one for me, that is the only one I am using now, used more than a dozen in my life. Not me, there are ways, but not me, I don't do it.

[kamvreto]

1. People who trade cryptocurrencies in the hope of profiting from price fluctuations that occur.

2. Not only bitcoin, but I also trade several altcoins that have good potential.

3. Just a little, using a combination of RSI, MA, and MACD is enough for me, and fast trading or scalping is a favorite.

4. Rely on a combination of technical and fundamental analysis, it is important to combine them because they are all interconnected.

5. Bitcoin, ETH, BNB, and several altcoins that have the potential to provide big profits.

6. No, I only trade on the Exchange because it is the easiest to access. Exchanges provide convenience but you also need to be careful.

[palle11]

1. Who is a crypto trader?

That person that trade cryptocurrency for profit by buying or selling it depending on the direction of the market.

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

Any pair that has possibility of profit but most times btc pairs.

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

One strategy at a time

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?

Both TA and FA

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

More of Binance, I don't like to be confused 

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

Well it depends, if you consider P2P or arbitrage.