What is the best way to profit from trading only one cryptocurrency pair?

[Azharul]

I tried multiple pairs based on my experience it's too risky unless you know how to manage risk. It's profitable if favors your position but if it's against to your prediction without management risk you will lose all your capital instantly.
Not only management risk you need to apply when taking multiple pairs you also need to follow the rules of your strategy and don't lose more than 5% of your capital.

If I were you do a backtest first with paper money to try your strategies with multiple pairs before you go live trading. Tradingview has a backtesting tool apply for a free trial 1 month if you don't use it yet

I will be agree with you. Because we know that multiple pair is very difficulty for trader. But another we thought single pair is also easy for trader. We also know that trading isn’t very easy, when you went to trade or invest in crypto market. So if we were a new trader, i think that we should be accept in single pair. But when we got understand in cryptocurrency market and also trading, than we can trade in multiple pair. So i think that firstly we should try to only one single pair.

[sagarmota10]

In this situation of market if you have btc then you must trade in btc pair, I will late you know why.

Most of the alts coin btc pair are at all time law and whenever btc pump and make new all time high that time the alts coin can jump easily 5x 10x.

BTC pair with margin approx 2x to 5x and open your position with small qty.

[Faisal2202]

the only ideal pair to trade base on what traders usually trade is the BTC/USDT. this alone i think can make you more profit than trying out some other. the only reason why you would stick to leverage trading is if you take it seriously and are confident enough to trade in this risky market which whether you try out the high leverage then you can make money with it.

the best way is just become a swing trader. but you must have known this already.

I can't agree more, but I don’t see how they addressed the OP's question. High leverage can indeed lead to significant losses and the risk of liquidation increases. I’m not a futures trader, so I avoid using leverage, but I’ve experienced it before, and it’s incredibly stressful. While more leverage can mean higher profits, it also means more stress.

The BTC/USDT pair is a good option, but without leverage, making a profit from this pair isn’t easy. It becomes even more challenging to achieve significant profits if the capital is small. I believe the OP’s first option is correct, he should consider taking multiple entries at different points to better manage profit and risk.

[LUCKMCFLY]

What I have learned from the crypto market is basic and simple, when the market is bearish or uncertain, it is best to trade the altcoins/usd or usdt, and when the bitcoin market is rising or is in a good price range it is better to do the altcoin/bitcoin pair, that is what I have seen, of course, the pairs that are altcoin/usd or usdt are few, but they are the best tradable, that is my advice, there will be some who operate in other ways, but for me things in trading work like this.

[bayu7adi]

People who have been trading for a long time for just one pair, usually have deeper knowledge about the coin, including the ideal price range for buying and selling... I can say that focusing on one pair sometimes provides many advantages than having to learn many pairs at once... so that way, we can maximize the potential profit from the one pair that we have focused on.

It does take a long time to understand one pair, but it is more optimal than having to learn many pairs that will confuse us.

So, getting profit from just one pair is very possible...

[Dr.Bitcoin_Strange]

You already stated that you don't want the answer of applying low leverage cuz you already know it, but that's really one way you can make profit trading one pair.
I personally don't prefer opening different positions for just one pair, I'd rather enter just one position but with the amount of capital that I would have used in creating those multiple position.  If I had like $5k, instead of opening five different position with that capital, I would rather go with one position and if I want to make more profit, then I will have to top up my capital.

[Hisbullah]

I think it depends on the desire to gain profit and the capital you have, if our capital can open 2 trades I think it's not a problem, but if I do 2 trades, they are always done on 1 market so that it is easy to monitor

One market with a lot of trades is also not a problem, I am more happy because as you said it is easy to monitor.
Diversifying trading on several altcoins is not a problem as long as the altcoin has a high volume and has good development.

With a large capital, you can open 3 to 5 trades at once and don't forget to start monitoring the price of Bitcoin because everything will depend on how Bitcoin moves.

monitoring trades requires focus and free time, but if we have a busy life in the real world it feels difficult. I do spot trading, with some coins to diversify but I immediately set sell orders from my coins, so I don't need to monitor them, unless suddenly the market experiences a correction I will change my target.

[Gurujebs]

monitoring trades requires focus and free time, but if we have a busy life in the real world it feels difficult. I do spot trading, with some coins to diversify but I immediately set sell orders from my coins, so I don't need to monitor them, unless suddenly the market experiences a correction I will change my target.

Time is of essence in trading, if you one doesn't have time, I will not even advise anyone to venture in to it but with my little experience, I think one can make money from trading if you settle down and make your chat and support it with good stop loss incase if the market goes bad and trailing profits when there is enough profit but bull run doesn't usually have any how loss except for bad coins but who is in their right sense will trade coins that are not good. Money can be made this way but it requires little time too and a patience as well.

[Vx1]

If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.

[taufik123]

monitoring trades requires focus and free time, but if we have a busy life in the real world it feels difficult. I do spot trading, with some coins to diversify but I immediately set sell orders from my coins, so I don't need to monitor them, unless suddenly the market experiences a correction I will change my target.

It depends on the strategy and type of trading you will use.
It is necessary to focus if you are trading, but if spot trading is only done for the long term and the price target is quite far away, just look at how the chart will work and monitor it unnecessarily all the time.

Setting a sell order in advance can be an option for you so that you don't miss the sales moment you are targeting.
But you also need to apply a stop loss if the decline continues or you will buy back when the price is cheap by setting an alarm.

[Hamza2424]

Hmm, even though I've replied here before but still, in my view multiple positions can help you to make efficient average returns but Levrage ahh its sucks bro, you should never fall into a greed trap with this high or low leverage emotions.

TBH if you can mention the pair specifically because you can adapt a good strategy for accumulation at different price tags, Like in meme coins the strategy can vary in comparison to a reliable pair.

[nakmantu99]

If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.

when I have free time I will do short term trading, but my real world is getting busier because I have a lot of work and tasks to complete, I choose medium term. so trading does not have to interfere with our real world activities, we can adjust it to our schedule.

[kai]

Disclaimer: I do not trade coins and I also do not invest in coins (for now).

I just look at the Binance market and I pay attention to coins that if 1 pair is traded, for example the Matic coin (now it will change to POL for its ticker).

I will take an example if the Matic coin is at:
-price 0.7 Dollar there are still buyers
-price 0.6 Dollar there are still buyers
-price 0.5 Dollar there are still buyers
-price 0.4 Dollar there are still buyers
-price 0.33 Dollar there are still buyers

If those who bought the Matic coin at a price of 0.7 Dollar and are still Holding until now, maybe their assets are already 55% minus. If they continue to buy from multiples of prices 0.7 .06 0.5 0.4 0.33 then to return their capital when it reaches a price of 0.5 Dollar, that too if the price of the Matic coin goes up.

[Rubel007]

If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.

when I have free time I will do short term trading, but my real world is getting busier because I have a lot of work and tasks to complete, I choose medium term. so trading does not have to interfere with our real world activities, we can adjust it to our schedule.

Well, it is better to take trading based on one's work schedule. It is natural that the type of trading will change with time. Some traders prefer short term while others prefer long term. I personally do both short and long term trading. I use long term in Bitcoin and prefer short term trading in some other coins. Most of the time I am busy with my main work so I watch the time well before taking trade. I don't take any new trades if I can't get the proper time.

[Vx1]

If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.

when I have free time I will do short term trading, but my real world is getting busier because I have a lot of work and tasks to complete, I choose medium term. so trading does not have to interfere with our real world activities, we can adjust it to our schedule.

Yeah, everyone has different busyness. I sometimes do too, a lot of time to trade cryptocurrencies sometimes a little. So we have to be able to manage it ourselves, how we can maximize our income from this crypto trading. The important thing is not to forget that we have assets that we trade, so we can take the opportunity to make a profit from the crypto assets that we trade.