Trading bitcoin what do you use

[bitgolden]

Futures with leverage or non-leveraged or anything that isn't straight up spot trading, has extra risk and dangers to it and not something easy to handle neither. I get that sometimes things aren't always that easy, but we could always end up with things that won't be that simple, so we need to be careful about it. I know that it is going to be something that takes time, but in the end we are going to see how things could get to a point where it won't be that simple.

We are not reaching to a point where things could get a lot uglier and because of that reason I am pretty sure that people won't be getting that crazy about the trading world growing. I never used those, I mean aside from small testing, I like my regular boring spot trading.

[Wind_FURY]

Futures with leverage or non-leveraged or anything that isn't straight up spot trading, has extra risk and dangers to it and not something easy to handle neither. I get that sometimes things aren't always that easy, but we could always end up with things that won't be that simple, so we need to be careful about it. I know that it is going to be something that takes time, but in the end we are going to see how things could get to a point where it won't be that simple.

We are not reaching to a point where things could get a lot uglier and because of that reason I am pretty sure that people won't be getting that crazy about the trading world growing. I never used those, I mean aside from small testing, I like my regular boring spot trading.

Plus in futures "trading", there's a fee to pay for funding every hour, every four hours, or every eight hours depending in the exchange. That's money taken from you, and a sort of house edge added to the exchange because any reduction to your potential profit is a reduction of your edge.

If you trade futures with no leverage, that's laughable. You should trade the spot market because you won't need to pay for funding.

[notocactus]

Plus in futures "trading", there's a fee to pay for funding every hour, every four hours, or every eight hours depending in the exchange. That's money taken from you, and a sort of house edge added to the exchange because any reduction to your potential profit is a reduction of your edge.

If you trade futures with no leverage, that's laughable. You should trade the spot market because you won't need to pay for funding.

You pay extra funding fee by holding your position longer but there is time for funding fee reset and market reset too. It isn't worthy to pay more fees while your risk will become bigger with time by holding your position and don't mind to close it, and wait for chance of opening a new position.

Exit the market, closing your position if it is no longer good, it can help you to save unnecessary trading and funding fee but more important it can help you reducing risk, and control your capital better. With a capital that is defended well, not loss or small loss, you will have other chances in this market to get profit and cover this small loss.

[Wexnident]

~

I mean it includes that? You can totally do just that, or futures if you want to, anything involved in trading Bitcoin seems to encompass what "trading" means imo. And yeah, in general "Buy low sell high" are easy words to say but they're pretty hard to execute since you don't really know how the market would go. And I'd say losing money due to that is 100% expected imo, so get used to it. In general, if I'm buying a good coin, and it just drops off after me buying in, I'd usually just hold it in more. I mean it's already a loss and if you really believe it's a good coin, you can transition from a short term to long term investment instead.

[Bushdark]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

You need to be very careful while trading the crypto market especially memecoins because the market is not friendly at all and you could lose your money if you don't get the right signal. I think you need to know what you are doing with your time and the kind of ground you are joining for crypto signals. Maybe that will help you to understand the market more and ask questions on what's actually happening and the way you can utilize it for your own benefits. The market has been down lately and we should use the opportunity to buy the dip.

[cryptoaddictchie]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

If you tried to buy bottom and suddenly you ended up eating falling knives then theres no choice but to hold and wait for it to go up. No need to sell if you see some red marks on your portfolio since that is how it works. Paperloss make people panic end ended up losing more capital then they will see the market recover then go buy fomoing again at the wrong time. Thay should change somehow.

[Franctoshi]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

You can profit off the market in two ways,

One is through buying and holding Bitcoin, you do that either through centralized exchange and via spot trading or a decentralized means called DAPP, whereas the other method is to profit off Bitcoin through leverage /Future trading, here you profit when price of Bitcoin rise or fall and base on the direction you predicted.

[bettercrypto]

You know if you are going to practice trading here in the crypto industry, it is still better to train yourself with Bitcoin, because if you use other alts as trading pairs, the volatility is really high and you will be liquidated quickly if you enter futures, instead of just spot while you study bitcoin trading.

That is the only best way I can advise you, because if you try to trade on Dex platforms and then use the Solana network, which is usually meme coins, it is not unlikely that you will always be carried away by the Fomo there because there is often a rugpull there, that is why it is not advisable for those who do not yet have sufficient knowledge of trading on the Solana network using the Dex platform.

[Bd officer]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

Now everyone will say the same thing, buy at low price and sell at high price. Now that you mentioned Bitcoin, if the price drops a bit after taking a trade in Bitcoin, it would be wise to hold. Bitcoin is most reliable for trading or investing. But it is best to invest in Bitcoin, which is very low risk. Now if there is some loss by buying Bitcoin, then holding it can hope to make a profit, but not everyone can hold patiently.

[Fara Chan]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

I still prefer to hold my bitcoin rather than trade it into any market but if a situation has forced me to trade I would definitely choose altcoins over bitcoin. Because if I have to sell my bitcoin due to certain circumstances, I certainly won't sell below what I bought it for so I would also rather wait for the price to recover if I do have to release bitcoin back into the market.

And if you are stranded because you have bought at a high price when the price of Bitcoin or altcoin increases, of course you only need to use the time to wait for recovery without having to use new capital again to open trading at a different price. Although if you do it at a different price, of course it can also help you recover some of the capital that is already minus.

[Wind_FURY]

Plus in futures "trading", there's a fee to pay for funding every hour, every four hours, or every eight hours depending in the exchange. That's money taken from you, and a sort of house edge added to the exchange because any reduction to your potential profit is a reduction of your edge.

If you trade futures with no leverage, that's laughable. You should trade the spot market because you won't need to pay for funding.

You pay extra funding fee by holding your position longer but there is time for funding fee reset and market reset too. It isn't worthy to pay more fees while your risk will become bigger with time by holding your position and don't mind to close it, and wait for chance of opening a new position.

Exit the market, closing your position if it is no longer good, it can help you to save unnecessary trading and funding fee but more important it can help you reducing risk, and control your capital better. With a capital that is defended well, not loss or small loss, you will have other chances in this market to get profit and cover this small loss.

The point is futures markets are built for physical commodities like Gold and Oil that traders can't buy or sell because actually doing them with the actual commodities would be very stupid and inefficient. Should a pleb actually bring barrels of Crude Oil to sell, or carry it out after buying? The futures market is built for efficiency and liquidity. But there's also leverage.

The futures market for cryptocurrencies is built for capital efficiency and leverage should probably be used by active traders to avoid holding large amounts of capital in a trusted third party.

[jcojci]

Trading Bitcoin is too worry for me because if I lose in trading, I also lose my Bitcoin. It is better to hold Bitcoin than to use it for trading but if you have skill in analyzing the Bitcoin market, you can use your Bitcoin and hope you can make a profit.

If you can not analyze with better, you don't have to use leverage trading but spot trading. That will not give you a problem to learn how trading works. Bitcoin now become difficult to analyze so if your skill is not enough, you may lose a chance to make a profit. But if you are not sell your Bitcoin at a low price, you will still have a chance to sell it at a high price.

[$weetne$$]

You can sell and take a big loss or face having to stay off for a few weeks until price recovers Anyone successfully do this with bitcoin what do you use to help you

When trading Bitcoin, I just buy and sell when I have made a profits. I do not panic or try to short the market. The last time I tried trading futures, I was not that successful and I had to abandon it although I know there are some traders making money from it because they have learnt and understood it very well but I think it is not for me and I am comfortable trading spot that gives more advantages and a good amount of profits, depending on how much I have invested as my capital for trading. I can not sell my Bitcoin and take a big loss, Bitcoin are not altcoins that their chances of recovering are not always known and it would be a mistake to sell my Bitcoin at a loss because if I just give it some more time, I will be capable of making back my capital I used in buying and some profits too.

[Wind_FURY]

Trading Bitcoin is too worry for me because if I lose in trading, I also lose my Bitcoin. It is better to hold Bitcoin than to use it for trading but if you have skill in analyzing the Bitcoin market, you can use your Bitcoin and hope you can make a profit.

If you can not analyze with better, you don't have to use leverage trading but spot trading. That will not give you a problem to learn how trading works. Bitcoin now become difficult to analyze so if your skill is not enough, you may lose a chance to make a profit. But if you are not sell your Bitcoin at a low price, you will still have a chance to sell it at a high price.

 👍

But plebs like us should NEVER forget, and ALWAYS remember, that the profitable traders that make money that matter is in the mere top 10% of the total market participants. The 90% left LOST money, especially during the current situation in the market.

The HODLers are still HODLing their Bitcoins, the 90% of "traders" either lost ALL of their capital or they are now having less of their capital counted in fiat and in units of Bitcoin.
  ¯\_(ツ)_/¯

[Synchronice]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

When people talk about trading, they usually mean spot trading, i.e. buying and selling with your own money, without additional liquidity and long/short positions.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

To my mind, it's better to stay off for a few weeks or months or whatever it takes instead of risking much. No one should turn trading into gambling because both of these are different with different discipline.

Altcoin in futures, for me, is risky because of the high price movement compared to Bitcoin. Usually, what I see is that there are more retail traders who do futures with Bitcoin than altcoin because it is less manipulated than altcoin.
If you are one of those who trade with altcoins in futures, you are one of those risk takers, but if they are successful, the potential profit is massive.

Bitcoin is the only truly decentralized crypto currency. Every altcoin is a dangerous option for futures trading because all of them have centralized power at some point while Bitcoin is massively adopted, has unknown creator and has the highest market cap, which makes its manipulation very hard at greater level.

[yudi09]

When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

For me, I no longer trade Bitcoin in futures trading because I simply make it an investment asset that I hold in my wallet.
At most I only trade LTC and a few other altcoins.
If I haven't had time to move from exchange to wallet, I occasionally sell and buy back when the price is right to do so based on my speculation. But this is on the spot, not on futures.

[Hamza2424]

Hmm, I would have loved to comment on this topic on a serious note, but according to how serious the market is these days, Honestly Dont trade buddy haha otherwise your account is going to be rekt in a few minutes.

Just looking at the charts I feel like, this is the worst time to enter the market even though it's highly bullish.

[lombok]

Hmm, I would have loved to comment on this topic on a serious note, but according to how serious the market is these days, Honestly Dont trade buddy haha otherwise your account is going to be rekt in a few minutes.

Just looking at the charts I feel like, this is the worst time to enter the market even though it's highly bullish.

The life of every businessman has become unpredictable and the current situation can be the best confirmation of this statement. That is why, during increase of volatility many decisions made at improper time can become consequential. Some people get involved when they seem to be low expecting that the prices will continue going high but end up making losses because market trends change in any given period. It has to be noted that it is accurate to read situation because sometimes we may find our selves in a state of momentary joy and relevance that are likely to affect the results. Prospective trends in the markets may appear to be favourable, yet it is not always the reality when we make hasty decisions.

[Wind_FURY]

Hmm, I would have loved to comment on this topic on a serious note, but according to how serious the market is these days, Honestly Dont trade buddy haha otherwise your account is going to be rekt in a few minutes.

Just looking at the charts I feel like, this is the worst time to enter the market even though it's highly bullish.

"TRADE"? NO. INVEST/HODL? YES.

We plebs should avoid short time horizons and have a low time preference because,

- We have low amount of starting capital
- We have lower skill levels compared to most of the other market participants
- Denominating our capital into Bitcoin and HODLing would have a greater chance to outperform most "traders"

Plus we should be honest with ourselves. Most of us WILL NOT build a good amount of capital by "trading" shitcoins. We should plan for three cycles, or more.

[EarnOnVictor]

-snip-
Anyone successfully do this with bitcoin what do you use to help you

Solana or any other crypto assets are not Bitcoin, we should deal with them differently having carefully studied their market psychology and behaviour. Still, the trading style you explained has been long used and proven to work for every market you can think of, it may only take more time for each market. It's a kind of gravitational law strategy where the bought market must buy and the well-sold market must rise.

And yes, it works across all markets, you can try it with Bitcoin too.