What will be your trading strategy for crypto in 2024?

[Twentyonepaylots]

I'd probably be changing my trading strategy, I've had a lot of failures this year honestly. What I'll be doing in the next year is to focus on top 10 coins in the market, I will stay away from the altcoins or those that are on the second page of the market, I hated that I focused on them too hard this year. I will try to recalibrate my strategy, perhaps I'll listen to more experienced than me and I'll never to go against the trend, I'm being too wishful thinker this year and I would like to discipline more myself. Trading is a non-ending learning process, we all must adapt to ever changing current state of the market.

[tvplus006]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I think everyone's strategy is the same - buy cheap, sell expensive. But not everyone is able to hold their coins for a long time in order to maximize their profits. And it is really very difficult to do this when you see that your deposit has doubled and there appears a great desire to fix your profit.

[Issa56]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

When people are asking you about the strategy you will be using for trading in 2024, did you tell them that you are a professional trader? Seriously, everyone has their own strategy, and I won't encourage you to follow someone's strategy. Always try and build your own strategy, you should discover what works for you and not copy other people's strategies. The strategy that works perfectly well for me might not work for you when you try to use it.

If you are investing in altcoins, then there is nothing like a promising project because they can fail you at any moment. There are some altcoins that claim to be strong once, but they failed a lot of people this year, some people lost all their investment in them, so it's better you stay in bitcoin and have peace of mind rather than diversify across promising projects. I will tell you that the only promising project I know of is bitcoin.

[boyptc]

I'm done with the promising projects.

It's better to just stay with Bitcoin and if you want to diversify, get into real other assets like real estate, land properties, etcs. Be wise when you're going to diversify. It doesn't have to be into several altcoins.

But consider also those assets that are appreciating over the period of time. Many altcoins are good today but stability is what they lack of and they have uncertain future.

Same here, whenever i try to invest in promising projects things doesn’t go so well, i guess i am not so lucky with alts but probably because i have not witnessed a bull run before. I told myself i am done with alts for some time now and i have channeled my energy into investing in bitcoin now as these alts have no stability.

I also prefer to hold bitcoin rather than diversifying my portfolio and investing in so called promising projects that will only last for a few years or probably not last that long. We have seen how alts behave and how some of them become dead projects over time, it shows they can’t be compared to bitcoin because their future is not certain so it’s wiser to hold bitcoin.

What i dislike more about alts is the fact that it is difficult to determine legitimate projects and one without the knowledge to identify scam is always prone to invest in scam tokens especially as bull run approaches. One needs to be cautious investing in alts.

Both of us are unfortunate with them.

But the good thing is that we're directed to simply focus with Bitcoin. There's no magical strategies that we need to go through but just investing in Bitcoin is already satisfying.

Can still test some projects that we think we're okay to throw some couple of bucks but it's just like good money that's gone forever.

[mirakal]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I have my own plans for 2024, and most likely to accumulate and hold more bitcoins knowing the bull run will be in a couple of months from now. With altcoins, I'm still eyeing some potential coins to add on my portfolio as I believe that altcoins as long as you invest in the right coins will add more profitability in your investment. Not only that, I am also eyeing to diversify my investment into gold, real estate and stocks, just to generate multiple source of profits so that if bitcoin investment drops its profitability, at least I still have some other options to provide profits for me.

These are just some of my plans for 2024. I know the world maybe tough sometimes but if you have multiple investments that are in profits, you will never feel the world is against you. I just think I need to maximize opportunities in bitcoin and diversify them with physical investments as well that are also proven profitable in their own ways.

[Mr. Magkaisa]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

       -  What I'm doing with my trading activities will remain the same in 2024 because I'm still making money, even if it's not a lot because I'm OK with 5-20$ every day. Maybe if I see another cryptocurrency that I believe has the potential to earn a profit, I'll acquire it.

In summary, in addition to my long-term holdings, I will continue the short-term trade that I began here in the crypto space area. Because it is preferable that we harvest anything as long as there is a possibility to accumulate in the crypto space.

[kojektea]

it's simple. I will only control my emotions, that is the main thing. whatever I get a day a month or throughout 2024 is something I should enjoy as long as it doesn't hurt, meaning my trading is successful. In my opinion, trading does not require a lot of strategy and psychology is very important because it involves making the right decisions. if you take a wrong step it will be wrong but if it is correct with regular emotions the results will definitely be good.

[BitcoinTurk]

I haven't yet determined a roadmap for myself for 2024 but it is certain that my main focus will be Bitcoin until the halving process and that I will buy Bitcoin as much as possible at least until this period. In addition, since there are good earning potentials in memecoins and shitcoins in the Solana network today, I have shifted my focus of attention here in the short term. Although I use a very small part of my capital for this, I believe that if this winning streak continues I can also make money by trading memecoin and shitcoin.

In addition, although I expect an increase in the Bitcoin price I don't yet have an open position in leveraged transactions and it seems that I will not have a leveraged transaction position within the first two quarters of 2024 in order to avoid being negatively affected by possible sharp price movements. Of course, if I see a possible opportunity I can open a few positions using 2 to 5x leverage maximum.

[Viscore]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I think everyone's strategy is the same - buy cheap, sell expensive. But not everyone is able to hold their coins for a long time in order to maximize their profits. And it is really very difficult to do this when you see that your deposit has doubled and there appears a great desire to fix your profit.

That's the real challenge in the crypto market, aiming to hold for certain years so we can sell at its highest peak, but we know in reality the term hodling is not as easy as it is though. It's not as smooth and less stressful as they say because price correction keeps testing your faith as to how long you're sustainable to hold. You win when you hold it still despite of market crash and correction but you lose when you end up panic selling because of the fear that you will lose more.

I believe trading will still be great but unpredictable by 2024. But if we can always stick to the basic, buy low and sell high, we will never end up as a loser but stay profitable most of the time.

[Maslate]

Investing in more altcoins means that you are sinking deeper into quicksand and there is no one to save you. Investing in altcoins is not a diversification of investments, but rather a multiplication of the opportunity to grow your investment portfolio. You can trade in altcoins, but long-term investment is a loss of your money.

Diversify investments by purchasing gold, stocks, real estate, Bitcoin, and anything that has a value and can gain upward growth.

It's not bad to invest in altcoins as long as you know the right coins to invest. Majority of altcoins simply fall on devaluation, hence learn to invest on a small scale basis  and invest for short term. Altcoins are more on pump and dump scheme, so always make sure to timing the right time to sell before its price gets devalued.

While others diversify their bitcoin with altcoins, and yet they still end up regretting because of unexpected losses, I suggest try to explore physical investments such as gold, real estate or even stocks. They can be more profitable with bitcoin at some point so one should always consider investing in them with an amount that one can afford to lose.

[tvplus006]

That's the real challenge in the crypto market, aiming to hold for certain years so we can sell at its highest peak, but we know in reality the term hodling is not as easy as it is though. It's not as smooth and less stressful as they say because price correction keeps testing your faith as to how long you're sustainable to hold. You win when you hold it still despite of market crash and correction but you lose when you end up panic selling because of the fear that you will lose more...

Of course, if the coins are bought at the very bottom, then in any case it will be easier for you to hold a position, since it will always be profitable. But those who bought at a higher price, and at the same time the price decreases, will always be faced with a choice - to sell or continue to hold until the price recovers.

[redsun114]

Why will they ask you? Are you a professional trader? If so, then why you are throwing the question to us here?
By the way, the strategy or the plan that you said there seems to be for investing. But, since you already said it, many investors are for sure going to have that same approach. Well, simply because it works.

You can't go wrong with diversifying as long as you already know if what are those coins you will pick up and then trying to keep things balance. Apart from that, DCA should be present as well. On the other hand, traders themselves usually talks about technical analysis. This seems to be the most important thing for them, than the rest.

[the rise]

Simply put, I will try to look for projects with new trends in 2024 to re-invest. This is the same strategy as I did before. I have only used this technique in the few years since I joined crypto. The proof is that it is very effective in getting profits for up to a full year. I'm sure that in 2024 there will be many crypto surprises. we just welcome it to be a truly profitable investment. Next I just play normal trading like swing trade. I don't focus on swing trading. I prefer long-term trading or being an early adapter. it is very profitable for me.

[The Watcher of All]

Now riding the wave till ETFs news, than taking profits.

See where the correction more or less ends (Cool off RSI weekly) , then jump in, and enjoy the ride

[sulendra12]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

Probably will stick to DCA Bitcoin and BNB from now on, because I don't really have that much time to track all the altcoins that is going on but still I'm reading the crypto news from time to time to keep myself on track with the crypto updates. Will still do occasional trading if I want to but I find myself really comfortable with the way I do right now, so have no plan to actually change the strategy for long period of time.

[koang]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

Diversification is a strategy that investors often use to minimize losses and maximize profits.
Still, diversification also has disadvantages. One is that it limits investors' growth opportunities and requires more complex efforts than with just one asset.

However, whatever your strategy choice. Your money, Your rule.
Hopefully, 2023 will provide many lessons, and this year will be even better.
Happy New Year, and Good luck...

[Patrol69]

I don't want to apply any new trading strategy in my trading, I will apply the same skill in 2024 that I have profited by trading earlier. I don't think there is any need to change strategy in any work. Job skill always remains the same, maybe job position changes but skill does not. Last year I wasn't overly greedy in trading or never held coins for long with the hope of extra profit but this year plan to trade with relatively higher profit. I may need to be more patient and lean more in the hope of relatively higher gains but I will apply this strategy. If by applying this strategy I get success compared to the old strategy then I will continue this strategy and if the previous strategy seems better then the previous one will continue again.

[dderekwalcott]

My personal opinion and trading strategy is to conduct thorough research, be aware of market trends and reach a decision considering risk tolerance before taking any trading decision and I think these things are essential for trading.In 2024 i focused Altcoin that will be listed in renowned exchange platform like Binance,kucion .

[|MINER|]

I am planning a lot for 2024.  Now I'm do not know whether I will be able to implement all of them.  I will try to identify and correct my own mistakes first.  I will invest a certain amount every day but it is in a small range.  I will not expect much profit.  I will try to be self-confident.  I have a lot of inexperience with the market, I will analyze this further.  I'm thinking of starting to use a trading bot, but I don't know how useful it will be.

[Kelvinid]

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

We still have time, take this chance to fully prepare before the bullish finally started to buy accumulating and only hold potential coins, not shitcoins. It is not the number of coins we have held but the quantity and quality they have because this is the ticket to a successful investment. Diversifying not growing coins to more valuable ones like in BTC, ETH, and BNB would be the right decision.

In fact, I already did this before the end of 2023 while the price of these coins I've mentioned are still cheap and I keep doing this before the bull season comes.