Hold than trade. Just don't use leverage, futures.

[BlackBoss_]

SEC. made a big hoax hours ago. You and your account are well now with conditions that you did not use leverage or futures in trading.

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market. It's a big opportunity for people to learn and understand risk of Leverage, Futures trading and if they absorb it well, they can protect their capital better and won't lose money like those people who were Long liquidated or Short liquidated hours ago.

What's the hoax?

SEC Grants Approval For Bitcoin ETFs -- HOAX

[Ben Barubal]

   In such cases, it is really good to know, if you also know yourself, that there is not enough knowledge of trading in cryptocurrency. Don't force yourself to make a profit in trading without thinking deeply about it.

   We are in the bull season, and this is not the time to rush to get profit in the short term, so long-term is advisable to do for now, and it is okay to do short-term if you have a deep understanding of crypto trading activity.

[Yamane_Keto]

When you trade with leverage, you are already aware of the losses that come from it, and if you are not prepared, it is better to trade via spot and place buy and sell orders according to the levels of support and resistance and stay away from trading according to news and leaks, which appear to be of poor quality in cryptocurrencies trading. price did not move very negatively so it is a lesson you should learn and it is not an expensive lesson.

[moneystery]

futures trading is actually made for people who want to make quick profits but don't want the hassle of investing. it's quite risky because the higher leverage means the faster someone's capital can be lost when they miscalculate their position. but the problem is that most futures traders are beginners who want to make quick profits in the market and ignore the risk that when they trade futures they can risk margin calls when they are in a losing position.

it is much better to trade on spot, where one can trade calmly and there are no margin calls. even when they experience a loss, if they can patiently hold the asset, they can recover the loss and can profit if the price of the bitcoin they hold increases more.

[mk4]

Even without the recent fake news Tweet, bitcoin/crypto has *expectedly* been extra volatile lately. Yesterday we literally just had a scam wick down to $45,700, then immediately bounced back up.

When in shaky situations like this, using leverage(or at least high leverage), seems like suicide.

[ancafe]

SEC. made a big hoax hours ago. You and your account are well now with conditions that you did not use leverage or futures in trading.

Doing nothing can make things work normally compared to trying to enter amounts in a leveraged or futures trade. It's about who can survive, not about how to produce and it's more about the basics of not being provoked by existing deceptions.

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market. It's a big opportunity for people to learn and understand risk of Leverage, Futures trading and if they absorb it well, they can protect their capital better and won't lose money like those people who were Long liquidated or Short liquidated hours ago.

That's why we are more comfortable holding compared to engaging in trading, because perhaps not everyone understands the pattern and overall it can be learned. This is the closest case that might be an illustration of how prices can change so quickly without starting a deeper correction and if someone moves based on slightly wrong knowledge then there is a break in losses by selling on the decline process.

Though this need not be the case if one understands how the price fluctuation rate and the ESC give approval to a bitcoin ETF and everyone can say as a lie now and perhaps this is more of a ploy to stimulate some people. I don't care about that now because holding would be much more profitable and much safer.

[Oshosondy]

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market.

Definitely you are not a trader if you are just noticing this.

I can say that holding is better than trading, but the volatility that you are talking about was not that much. Bitcoin did not fall more than $2300. It only dropped to $44700.

Can you remember the volatility before that time that occur like a week or two weeks ago? Bitcoin decreased by $4500 to $4600 when it fall from $45700 to $40200.

Also in the past, we have seen much volatility before several time. It is not about not using leverage at all but not to use too much leverage.

[EarnOnVictor]

From the onset, holding has always been the conservative way of trading/investing, you do not leverage anything so the risk is minimal. This is unlike futures trading which could be traded on the leverage, thereby increasing the risk involved so as the potential gains. Future trading is not so bad either, it only depends on the plan of the trader towards it, and even without much trading experience, since we are in the bullish season of Bitcoin now, those who want to use the option of futures trading should plan it better. If you open a trade and your liquidation risk is reasonable, you will be good to go and a situation like the one we experienced yesterday will not affect you. The market itself is risky, so it is all about your good plan and also factors of safety.

I can't imagine myself trading Bitcoin in futures and not having at least a $5000 liquidation gap. This is the mistake many people make, they are too careless about these liquidation plans due to greed of wanting to make more money. For instance, I can buy Bitcoin at $40,000 easily in futures trading and plan my liquidation price to be $35,000. If you are not even a good trader, such has been planned in such a way that the risk of liquidation is very little, and with a little trading experience, you can continue to make money more than as though you traded with spots trading. The main thing is for you to get the trend right. This is smartness to me.

[Minor Miner]

It depends on each market moment. Of course, in sensitive times like these, holding is much safer than trading. But if 1 or 2 months ago when the market increased strongly, it would be a waste if we just held and ignored the trade. As you can see, in the past 2 months, almost the entire market has recovered very well and if someone took advantage of that, they would have increased their capital significantly.

Holding or trading has its advantages and disadvantages, it all depends on the strategy and skills of each investor. Not everyone who holds will always be a winner and those who trade will always be losers.

[criptoevangelista]

Operating a leveraged trade in cryptocurrencies has a huge risk of losing all your capital, this type of movement is very common and to be able to win a trade like this is practically a lottery, it requires luck or having privileged information

In short: never operate leveraged, Especially in times of extreme speculation like what we are experiencing now

[Briankimp1]

I believe whoever’s going into trading should have an understanding of what he/she is getting into particularly on futures it’s more or less a lucky adventure which if I’d advice anyone I’ll tell them not to do so with all of their capital cause it’s way too risky so are the rewards very high just like a get rich quick scheme
I would rather take my chances holding.

[Assface16678]

And that is the mistake of some beginners in trading, they think that trading will be easy and trading aimless and of course manipulating the leverage which is a very risky thing. Also in futures, yes doing futures will give you a big reward or profit, if only you've done it right or your analysis is correct but also as they say, greatest reward cones with a big risk so if you don't know how to do futures better stay out of it or your money will be burn instantly. I once done this, trading with high leverage because I don't know what is it for and tries once futures and didn't go well so I learned in the hard way, That's why here I am more on holding coins especially bitcoin, I do trading sometimes if I'm very sure with my analysis and decision, while in futures I stay out of it for good. Hold that's the only way a beginner could earn in a long run.

[Aanuoluwatofunmi]

SEC. made a big hoax hours ago. You and your account are well now with conditions that you did not use leverage or futures in trading.

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market. It's a big opportunity for people to learn and understand risk of Leverage, Futures trading and if they absorb it well, they can protect their capital better and won't lose money like those people who were Long liquidated or Short liquidated hours ago.

What's the hoax?

SEC Grants Approval For Bitcoin ETFs -- HOAX

With the level of how far we have gone with Bitcoin adoption, trading and other activities related to cryptocurrencies, I will only advise that investors should take off their mind from what had been expected of the SEC for approval of Bitcoin ETF, one thing that we are seeming to be forgetting is that they may have this done anytime sooner than the way we all expected that they made the approval on the 10th of January, this may be possible and may not be possible because they have their own encounters and challenges as well fostering the acceptance of this ETFs, what we can concentrate on should be the halving.

[BlackBoss_]

When in shaky situations like this, using leverage(or at least high leverage), seems like suicide.

They want to get profit but don't know they are doing suicide.

Two days ago Vitalik posted an uncommon post because he barely posts with financial advice.

This is awful advice. Some actual financial advice:

* Diversification is good.
* Save. Get to the point where you have enough to cover multiple years of expenses. Financial safety is freedom.
* Be boring with most of your portfolio.
* Don't use >2x leverage. Just don't.

I really agree with you and Vitalik that use leverage is risky and like suicide. Don't use is better.

Also in the past, we have seen much volatility before several time. It is not about not using leverage at all but not to use too much leverage.

I know Bitcoin has many bigger red candles but the result is if you get a liquidation, you did a bad trading position and 5%, 10% or 20% will not be a concern the market hits a liquidation price of your open position.

[kentrolla]

I would say leverage and future trading is not for everyone as you can lose it all at a blink but we shouldn't underestimate the profits as well. I would term it as a gamble or mix of gamble, strategy and luck. I would urge people to refrain from future trading with leverages unless they are an expert into it. It's scary to see how people have lost and liquidation numbers on both long and short, has it been some other altcoins we could have considered it as business as usual but not with Bitcoin.

Better for newbie or someone with not so much experience to avoid leverage.

[dunfida]

When you trade with leverage, you are already aware of the losses that come from it, and if you are not prepared, it is better to trade via spot and place buy and sell orders according to the levels of support and resistance and stay away from trading according to news and leaks, which appear to be of poor quality in cryptocurrencies trading. price did not move very negatively so it is a lesson you should learn and it is not an expensive lesson.

Totally really that impossible that you wont really be knowing about those risks even if we do say that you are noob but since you are really that touching up futures or high leverage trades then you are really that prone to great risks.Weve seen that recent price manipulation which happened recently on which it would really be that so damn risky if you do put up yourself on making that long position due to that high percentage
approval of ETF on which the news is almost everywhere but it did really end up on having that huge red candle and suddenly those hacking news incidents did really come out on which it did liquidate
tons who do have that long position, but for those who do make out some short then they did make money on that.

Futures trading isnt recommended into those traders who do have just recently learn up trading or even into those who had known trading unless if you do have that
sufficient trading skills then you might have a chance on taking some shot on futures but if not then it would be always better that you should really be setting
yourself that idle in speaking about dealing up with future trades.

[coolcoinz]

[/center]

If the timeline for this is correct, it's obvious that some insiders knew that this was fake, which is why a very large dump occurred minutes after the announcement. It's possible that some of the people involved in the ETFs knew when the decision was to be announced. I'm pretty sure they have Gensler on speed dial.

-Hey, Gary, It's Larry. Did you post the approval on Twitter today? We thought you were going to announce tomorrow.
-No, it wasn't me.
-OK, thanks.

[stadus]

Even without the recent fake news Tweet, bitcoin/crypto has *expectedly* been extra volatile lately. Yesterday we literally just had a scam wick down to $45,700, then immediately bounced back up.

When in shaky situations like this, using leverage(or at least high leverage), seems like suicide.

It’s always safer to hold most especially when bitcoin price seems very unstable. While using leverage can easily increase the profits, but having this kind of strategy is absolutely not a smart move particularly for beginners. But then again, it’s up for an individual hodler how to balance his investment, but not putting it being compromised. With or without fake news, bitcoin has always been volatile, so always be cautious with your bitcoin investment.

[hatshepsut93]

The best way to trade if to do long-term trades that follow the cycle. Buying during bear market, selling during bull market. Instead of buying during dips and trying to sell tips and repeat this process in a span of weeks or even days. That's surely a good way to lose money quick, because of how unpredictable Bitcoin is in short term.

Just hodling is not a bad idea, but I regret not selling close to ATH and buying back at the bottom. Two times I got greedy and expected a way higher ATH than what actually happened. Hopefully this time I won't make such mistake.

[mirakal]

It depends on each market moment. Of course, in sensitive times like these, holding is much safer than trading. But if 1 or 2 months ago when the market increased strongly, it would be a waste if we just held and ignored the trade. As you can see, in the past 2 months, almost the entire market has recovered very well and if someone took advantage of that, they would have increased their capital significantly.

Holding or trading has its advantages and disadvantages, it all depends on the strategy and skills of each investor. Not everyone who holds will always be a winner and those who trade will always be losers.

Certainly, there’s always a perfect time when to hold and when to trade. You cannot just trade when you see the market is very unstable, just like you can’t just continue hodling when you see others are already trading in profits. So there’s always the best time when to take advantage from hodling and trading, but as long as when you consider trading even for small profits, I still think your action is valid knowing you still end up with profits.