Do I need to Trade My Coin

[cryptoaddictchie]

Altcoins should be avoided totally if you're diversifying.

Diversification works if you are not using closely correlated assets, and every coins/token in the crypto market follows very similar market charts. If you want to really diversify then look to other industries like real estate, precious stones, stocks/bonds.

Well how can a diversification on crypto works if youll not pick up another coins aside from bitcoin. Surely we are talking about crypto here when OP mentioned that word and how can you imply a bad results for altcoin as alternative for real estate and other bonds when the price now is really low and its a good chance to get some potential to add up on our portfolio? Well my opinion is seize the moment and get some really good coins while it still low. Thats how you capitalize on a bear situation just like the old bear market. Of course the choosing is depend on someone caliber and research skills which one gonna explode.

[Eureka_07]

While it's true that trading bots can encounter technical issues and struggle to adapt to market changes, additionally, subscribing to one could expose you to the risk of fraud. Many scammers exploit these tools to deceive traders, particularly those who are new and inexperienced. Despite the potential utility of these tools, it's essential not to place complete reliance on them; instead, consider them merely as tools in your trading toolkit.

I decided to drop this image from one of 1miau thread Trade vs. HODL - avoid traps it explains fully why you should avoide trading and consider HODLING you're Bitcoins

It's kind of funny, but it definitely matches my personal experience.

[Franctoshi]

just went through what 1miau wrote and it's very nice, but you don't use the same approach in all situations especially if you are well-experienced in trading and investment. For me who is experienced, I can't expect myself to be alone without trading, it will even be boring to me.

Of course, what I do is plan on the total crypto asset. I often commit just between 20-25% of my crypto assets to trading, while the huge rest are being held securely elsewhere.

For sure everyone cannot do the same thing in this space, I'm a trader and I'm a Bitcoin investor/holder too and I'm seeing the positive results doing both because it took me time and dedication to arrive at it, so I'm fine with it.

People can choose to do only Hodl,  trade, or even do both depending on the one that gives you the positive result.
However, the matter is that whichever route you find most suitable for you to successfully get to your destination don't hesitate to use it, in the end, the goal is to become successful in this space.

[Peanutswar]

Do you have meaningful amount of Cryptocurrency at your disposal or you are thinking of increasing the value of your Coin. Let me first of all say never be in a hurry to multiply or increase your coin. The crypto market is highly volatile and you can lost everything you have.

To answer the question do I need to trade my coin ? NO and YES

No, If you don't have trading knowledge.
To add to the above point If you are a newbie please stay away from Bot until you are sure of the product and you know how its functions. Although Market dynamics changes and can affect all operations. Nothing is too sure.

Yes, If you have the knowledge to trade and you are willing to take the risk. Also, you need to have good strategy so as to be profitable.

Actually, you can trade your coins with the market volatility that's the essence of the market, if you want your money make continuously earning with the trading every price movement you will make a trade we called those people as scalpers they are living even in the small price movement, if you want to keep your money sleeping and get the price goes up its up to you, by holding your coin but it has difference once you trade and to hold, your profit and loss are more active once you trade possible get double, triple, x20 it depends how you manage the risk.

[Bitcoin_people]

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

If you start a business for the first time, if you are not experienced in that business, it is definitely risky for you. Moreover, we know that investing any money using cryptocurrency is totally risky if you don't have good knowledge about the market. And if you follow the advice of an experienced investor, surely you can succeed and make profit. First of all when you invest in crypto you must be careful about volatility or else you can lose your money. Moreover, if you invest in Alert Coin in crypto, it will be more risky for your money, that's why you need to be absolutely sure about this. Coming to Cryptocurrency if you want to invest for long term then choose Bitcoin it will give you profit in future. Before you start crypto trading you must take an experienced all investor advice so that, you avoid losing money and can profit in the future.

[Patrol69]

A person's knowledge about any coin is complete only when he invests in that coin. Investing will give you real experience. When a person invests in a particular coin, he will try to research the market of the coin he has invested in rather than researching the market of other coins, so he will have an idea about that coin. You are right on the first point that you should never rush into investing or trading, and everyone uses this term when thinking about investing.  
Rote knowledge is one thing practical knowledge is another thing. You will be able to better represent this when you invest in a particular coin and when you have investment experience. I personally feel that I will advise to invest in that coin only when I have experience investing in that coin.

[RioBlemz]

I think you are using the world 'cryptocurrency ' and ' coin" vaguely. If you want to encourage people to hold their Bitcoin, it is necessary you put it explicitly because many people use Cryptocurrency to confuse others into buying shitcoin.

If you have been around this space for a while, you will agree with me that a lot of people have suffered various degrees of pain as a result of buying over-hyped shitcoins. It will be totally bad to categorise Bitcoin with those worthless garbages as "coins" or "cryptocurrency".  A clear distinction is very juch imperative.

I was not using the world 'cryptocurrency ' and ' coin" vaguely. As part of my discipline I do not force my perception on anything relating to finance on people. I do believe people should chat there own course having gotten the essential knowledge. It is true that a lot of people have loss money on shitcoins (Altcoins as I mentioned on the post) and what is also true is that other persons made more money on shitcoins. However it is, I could only advice that you do your research before investing in any Altcoin.   

[Taskford]

Do you have meaningful amount of Cryptocurrency at your disposal or you are thinking of increasing the value of your Coin. Let me first of all say never be in a hurry to multiply or increase your coin. The crypto market is highly volatile and you can lost everything you have.

To answer the question do I need to trade my coin ? NO and YES

No, If you don't have trading knowledge.
To add to the above point If you are a newbie please stay away from Bot until you are sure of the product and you know how its functions. Although Market dynamics changes and can affect all operations. Nothing is too sure.

Yes, If you have the knowledge to trade and you are willing to take the risk. Also, you need to have good strategy so as to be profitable.

Actually, you can trade your coins with the market volatility that's the essence of the market, if you want your money make continuously earning with the trading every price movement you will make a trade we called those people as scalpers they are living even in the small price movement, if you want to keep your money sleeping and get the price goes up its up to you, by holding your coin but it has difference once you trade and to hold, your profit and loss are more active once you trade possible get double, triple, x20 it depends how you manage the risk.

Sometimes they didn't realize on how good trading your coin since some of these people afraid to lose their coins due to unwanted circumstances. All they know is to hold since for them they think that it always go up just like what other people told them. But if they want to maximize their profit then its good for us to trade our coins since from this we can legitimately earn without worrying about getting scam by any criminals around. But this need a lot of experiences since trading is not all about exchanging your coins since this also need proper attention to spot a perfect timing to sell or even buy. Holding is good but sometimes its not really ideal for us to let our money sleep since we are not sure if we can earn that huge multiplication of profit since we are not sure about the projected price of it in future.

[Fiatless]

The value of your coin can increase when you buy at a low prize and keep it for a particular period of time to sell at a higher prize. Please be patient with the process and have a firm believe. It is called Holding.

Bitcoin is dependable more than altcoins.  So it is not a bit of good advice to hold any coin that is not bitcoin for a long time. Most traders take advantage of the short pump of altcoins to make profit. The best coin to hodl is Bitcoin.

Diversification of your portfolio can also be of great advantage to increase your coin but please beware of Alt Coins.

Since only bitcoin is reliable,  it will be ideal to diversify your investment in other sectors like stocks, precious stones, real estate and agriculture.

Stay informed about market news, trends and happenings it will give you an edge.

Get information from certified sources because most media houses are controlled by the anti-Bitcoin government and corporations.  Some of them spread lies and FUD.

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

Not important but necessary if you find one. You can get valid information from the internet but a mentor can help to simplify learning.

[YOSHIE]

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

Of course, this is the most appropriate target for anyone, including beginners, to understand what you said above. 'Risk' is a factor that everyone must always consider, if they have entered the crypto market.

You need to be reminded, lately many well-known crypto exchanges are smoothing Altcoins, which means that this is all a bad sign for some Altcoins, for me personally of course I don't play in Altcoins, the risk of losing is very big in the current situation.

My advice, if you want to invest in various types of crypto, if you look at the current market conditions, it's better for you to stop for a while, focus on Bitcoin to get decent results, without having to worry about losing.

[michellee]

Trading requires Fundamental and Technical analysis. That's right because this is what we need to be able to enter the market at the right time. However, if you don't know the analysis, you can choose to invest because you don't need to think too deeply about the analysis. You just need to determine when you can buy and store the coins. In general, the coin you use to invest is Bitcoin.

If your coin is Bitcoin, you don't need to trade it but you just need to buy and hold it until the price rises high. But if you want to trade Bitcoin, you must know Fundamental and Technical analysis. People also use altcoins to trade and earn profits, but they need to have analytical skills.

People who trade Bitcoin and altcoins for profit. And many of them analyze it first before deciding to choose an altcoin. And those who invest in altcoins can choose those altcoins to gain profits.

[Sim_card]

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

Investing in bitcoin doesn't need any coach because it is not a sport that you need a coach to bring out the best in you. The only thing that you need is make up your mind that you are going into a long term investment on bitcoin and know the right knowledge on how to keep your bitcoin safe and the right wallet to use. After this, you prepare yourself towards how much you will be using on DCA regularly to increase your bitcoin portfolio. Any other thing can be learnt in the forum or DYOR. Discipline and patience is the key to be a successful hodler. If you trade, there is high possibility that you will lose your coins because trading is similar to gambling, since no one can predict bitcoin price movement accurately.

[Natalim]

Buy low, Hold, and Sell High = we're making money from this. I know that some people think that trading will give them more profit, yes but that is for those who have deep knowledge about this while many are suffering losses. There is no harm in trying but if we are not sure about it, better just hold and wait for the right time to sell.

We don't need to have a coach/mentor doing it as it was just a simple trade, far different from being a day trader. Besides, there are a lot of resources available online that we can learn from, in fact, I'm doing this and it works.

[barisbilgili]

just went through what 1miau wrote and it's very nice, but you don't use the same approach in all situations especially if you are well-experienced in trading and investment. For me who is experienced, I can't expect myself to be alone without trading, it will even be boring to me.

Of course, what I do is plan on the total crypto asset. I often commit just between 20-25% of my crypto assets to trading, while the huge rest are being held securely elsewhere.

For sure everyone cannot do the same thing in this space, I'm a trader and I'm a Bitcoin investor/holder too and I'm seeing the positive results doing both because it took me time and dedication to arrive at it, so I'm fine with it.

People can choose to do only Hodl,  trade, or even do both depending on the one that gives you the positive result.
However, the matter is that whichever route you find most suitable for you to successfully get to your destination don't hesitate to use it, in the end, the goal is to become successful in this space.

It's really a very good thing if you can do both of these things simultaneously because you can get profits from trading and holding. Of course you have very good experience in this field so you can do it well.  Yes, I really agree with you, whatever we choose, it would be better if we do it consistently so that we can get satisfactory results from what we have done.

[Learn Bitcoin]

I decided to drop this image from one of 1miau thread Trade vs. HODL - avoid traps it explains fully why you should avoide trading and consider HODLING you're Bitcoins

The illustration is good example. But it's not that easy to hold how it looks like. You need the most precious thing to hold your coins which is patience. The problem is everyone do not have this precious thing. I tried to hold my coins a couple of tomes. But I always end up gambling them, or selling them for some special needs. At some point, I was disappointed at myself because every time I plan to hold my bitcoin, I end up spending them. So, I started searching for a feature where I can lock my bitcoin for a specific time so I don't spend them. The solution was coinb.in timelock system. I have tried it and it's still works. So, if someone is impatient like me, I suggest them to use these service.

[Dr.Bitcoin_Strange]

Yeah, related topics have been discussed, and it's good to keep reminding newbies, particularly, that trading is not something to be rushed into without knowing the basics of trading, as trading is more risky than only investing and holding one's crypto asset in their own custodial wallet. Some people go into trading with no knowledge about it, and they end up seeing trading as gambling (a thing of luck), but trading is far beyond the gambling that most people think it to be. Some people say gambling requires a good skill in order to win, which I greatly doubt is true because no matter how skilled you are in gambling, you cannot determine if you will win or not. But as an experienced and professional trader, you should know when is the appropriate time to enter the buy option and when to use the sell option, and also how to combine all the trading tools in order to easily predict the market movement.

[Sandra_hakeem]

No.
You don't need to trade your coin to have it increase in value.... You can easily buy and store your coins (BTC) in non-custodial wallets...The value increases spontaneously, along side with the current market price - This process is called "HODLing" ... Now, in as much as the market has a positive impact on the value of your coin, it'd definitely have a negative or retarding impact too.
do well to also store up your keys privately in your treasury - your keys are your coins, never let 'em out!!

Sandra 🧑‍🦰

[baenschi78]

Trading requires Fundamental and Technical analysis. To be a market participant do well to equip yourself with the rightful knowledge.

To increase the value of your cryptocurrency

To become a trader is bother easy.
it's easy, the simple thing is we just take a buy/sell position, then take profit or loss, it's hard, even though it looks simple, if you study it, it will be very broad, starting from technical analysis to fundamentals, you don't have to be sensitive to existing issues.

Of all the theoretical bases above, for me the most difficult thing is how we control ourselves, including consistency and money management, until we form a trader's mindset that suits our personality.

To click buy/sell is an easy thing, but what must be thought and done before clicking buy/sell, up to clicking take profit/loss, even after, the complexity depends on us, plus to what extent we can maintain consistency and discipline is not a easy thing.

[Pmalek]

Newbies have this wrong idea in their heads that they must trade to increase their bitcoin holdings as there is no other way. It's not safe and it's unprofitable for many but they don't want to admit it. Anyone can buy bitcoin with minimal PC knowledge and minimum training. After that, it's all about holding it if your ultimate goal is to sell it for more money than you invested. 

If the value appreciates, buy something with it that you wanted or exit and go back to fiat. Don't experiment with weird coins you know nothing about.
You will get afraid seeing a downtrend and sell at a loss. You will lose a few percentages unnecessarily by depositing and withdrawing to/from exchanges due to the various fees. And if you try to bypass that by storing the coins in the exchange, then you are making an even bigger mistake when it comes to storing crypto. 

[Forever101]

We should be careful with the way we mention trading stuff for someone who does not even have the complete knowledge of bitcoins. Do you really think investing in bitcoins is as easy as that, more knowledge is required to keep ones mind in shape. There are newbie who does not yet understand the difference between Bitcoin and shitcoin and many more terms in the crypto space. Concentrating their attention to making profit can actually make them run into scammers.

Bitcoins is not as you have descirbed it, it is not possible to loose all  in bitcoins, as we experience the bearish market, we also experience the bullish market. Say it is the responsibility of new investor to do their own research so that they will know when come in and when to take profit