What do you guys trade with?
I always trade with USDT/Crypto, because it's easy to calculate profit and loss. How do you guys trade and why?

B
That is the best way for me too. I don't like trading any other cryptocurrency with ether Bitcoin or Ethereum but with any other stable Coin, USDT and BUSD when I am trading on Binance exchange. I agree also to me, it is much more easier to calculate your profit/Lost that way basically.

I think so. If ETH reaches let's say 10K, only a few whales would use the network. In other words, it would be a ghost network 

True that and I think this issue has taken too long to resolve if it is been resolved and that as we all know has really affected the ethereum network, imagine sending a transaction with $20 fee  why will I do that transaction? obviously people will want to migrate to other networks to reduce investors complaints on this kind of issues and as we know, Time is Money   

This is clearly a big definition of "weak hands" and I am suffering the consequences of making a wrong choice.

This is not just only as problem of week hands also maybe confidence cos this happened to my on BNB trade yesterday. I sold my BNB HODLings at the circled point yesterday thinking that the price will continue to dip since I was going to bed but to later get up late in the night to discover that it reversed and went way higher as seen here.



It is about how much risk you are willing to take because if i have taken that risk yesterday, i would have won big when I got up before it came back down. This will happen once in a while cos we cant catch it all i guess and lucky you sold to USDT  and so did I, so now we have to re-strategize

As a crypto enthusiast, the saddest thing is that I did not make money, and others made money. This is very angry.

You should know what you where doing wrong that made you miss or not to make profit while your friends did, If you don't learn from your mistake then you might repeat the same mistake again. You have to learn the market, all of us crypto traders or HODLers which ever you classify yourself have to learn and understand the crypto ecosystem and have mostly learned from our mistakes to get better so keep up the believe and learn from your mistakes.

This is a very big question for traders and the entire community of cryptocurrency investors. The market is dipping and frankly its causing a lot of panic among investors, a lot of experts have postulated that this is just an healthy correction that has been expected by a lot of experts after the recent upward price action. I will only sit back, fold my hands and watch how things unfold in the near time.

I guess they are right because bitcoin has see about 2.3% recovery in the past 24hours along with other cryptocurrencies too. Like many of the analyst have said, this correction was expected and if you know when you invested, i guess that would give you some sort of courage and if you have already taken profits before this whole roll back. I believe even if not 100% yet confirmed yet, the market looks up trend again.

We are experiencing some big dip right now and of course we know that this can be so normal in this very volatile market...with some saying that a deeper dip can be in the making and that we should be prepared and not be caught by surprise. I am sure that the beats are waking up, and it is all up to the market to determine if we can have the company of the bears soon or will the bears be thrown back to where they belong...to the North Pole.

So what do you usually do during this stage...do you parked your cryptos in USDT or any stablecoin for the time being or maybe you are brave enough to just let the whole thing through?

Definitely in this type of market, I would have all my crypto assets into stable coins and wait out what the next step the market would take. I have never really been a day trader so it is not my place to mostly start to trade the small ups and downs but once I see that there is a good confirmation in the direction of the market, I can buy back in. This has worked for me over the time and I don't see any reason to change 

Quote from: Sharpmax on February 26, 2021, 06:36:40 AM

Cryptocurrency has now reached a position where anyone can go to the stage in a moment and their fortunes can change very quickly.  But there is huge ricks and patience here.  He who cannot take Ricks in this cryptocurrency will never be rich.  If you want to be rich in cryptocurrency, you must take rickshaws. We sell any coin as soon as its price increases a little.  Next time we see that the coin has increased a lot then we put our hands on our heads.  So far I have not been able to change my life from cryptocurrency.  I hope I can do it in the future.

Cryptocurrency and risk are two inseparable concepts. Many take risks and lose, while others take no risks at all and make a profit. Perhaps you knowingly took an asset that was not supposed to bring profit? Or maybe you should take a big risk at least once?

You are right. Once you get into cryptocurrency trading you should understand that you have incurred some level of risk and that level of risk varies depending on the projects you choose to invest in. Like you said, some people might want to take a bigger risk investing in some mostly new projects hoping to make Huge gains, some win Most don't. So even though you cant avert risk in crypto, they could surely minimize it.   

I will definitely have myself a good potion of BNB because with all the hype and of-cause many projects crossing over to Binance Chain, I believe the price will still grow in time and it did make me some good potion of my profits last time  . Will definitely be buy Bitcoin and Ethereum even with out any reason    cos these are the two cryptos you should be hodling in your portfolio