Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: aiviaa485 on January 06, 2021, 08:20:45 AM
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I want to discuss how to address the market which is currently green.
After this green market, there must be red and red. This is what we don't know where it started.
Suppose I take an example from an Ethereum coin:
-We have 1 Ethereum for 1000 USD (current rate).
-Do we have to sell now and get USDT worth 1000 USD.
-Then buy another order for Ethereum at the price of 100 USD to get 10 Ethereum (it will take a long time).
*Or we will lose this moment when the price of Ethereum enters the Bearish market to 950,900,850,800,700,600,500 USD or even further down.
*And we will lose the moment to buy back more Ethereum at lower prices.
What are your thoughts and tricks on trading altcoins ??
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Market is always a unpredictable place .Anything can happen in the market .We are now at totally bullish market and market is heavily influencing. So that it will be better to hold our nerve and get the market well where it will go .
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This choice is indeed very difficult to choose because we must also have a sense of gratitude.
If I have 1 Ethereum which is equivalent to 1000 USD then I will sell it easily on Binance.
I put the 1000 USD in Binance and when the Ethereum price is 100-150 USD then I will buy it with all that 1000 USD capital.
Unfortunately now I don't have any Ethereum coins, I don't even have 0.5 Ethereum coins yet. Sad !
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Actually, trading does not take a long time to analyze the price of coins on the exchange, such as the target of the ethereum price you want, there will be Low and High limits when we look at the price when placing an order on exchange, but only one for me do it now, I will not let my emotions explode when my order is not sold, I will place several small orders at a high price, I am sure the situation will sell faster because someone is reluctant to see a small order and buy it later they will sell the coins you have sold at a slightly higher price.
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you are saying that eth will go back to 100$ , okey first we dont know that and if that correct it will take too much time and wont happend before eth make new ATH's , second i think selling against usdt is not a good thing to do , always selling against btc its the best for me as long as bitcoin price rise more so you win in both , eth and btc .
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What if Eth goes into different direction which is to increase further more than $1.5k or maybe $3k.?
In my opinion it would be good to watch and wait the market projectile before come up to conclusion to decide which is better.
Everything might happen.
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I do not think that ETH is going to reverse anytime soon, personally I would not sell ETH below 5k as im experienced enough to know how parabolic market works. I may be wrong in the end but personally im super bullish from here.
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I think that it is not tricks. But it is rather to be a strategy. In this case, for me personally, I will not put all into the market in this bullish market. If I have 1 Ethereum, I will see the market. If I have reached about 40% profits, at first I will sell them for around 30% at first and convert to USD. And then another percentage depending on the price rate at that time.
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The very common trick is don't set a too high target. It is better to take faster profits if you are a daily trader. Don't set a difficult target because it may be hard to achieve. Also, choose the coin that potentially increases in the near future. Don't buy the coin that is gradullay decreasing its price.
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My strategy is by selling not more than 50% of the balance. And then use the modal to buy Ethereum in a lower price again in the market corrections. But I will keep the profits in USDT in order to secure at least the profits about previous trading
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We all know and understand that the crypto market is unstable. And we cannot know what will happen in a month or even tomorrow. Therefore, it is very necessary to be careful here and not to miss the moment when to buy and when to sell.
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If I had a target for Ethereum it would sell for 1600 USD.
Because to my knowledge, the All Time High from Ethereum in 2017 is around 1300 USD.
This is my target to sell Ethereum to USDT because usually after Ethereum goes up there will be a Dump. So, I have a stable money set and this is something I have been thinking about since 2017.
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What do you guys think, since I am a newbie to this crypto world? I bought Stellar @ 0.355 and now is @ 0.288, generally bought it for 5000$. Should I cash out @ 0.30-0.31 and go ALL in with the 4400$ that will be left or so for ETH or?
Help out a newbie here, struggling...
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We all know here that the crypto market is unpredictable. So to get around this, I prefer to hold my assets until the price is high. That's all I can do ;D
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Tricks are unnecessary risk in crypto currency trading and they are best avoided; as a trader you should not gamble with your funds, always ensure instead to take profits when you should take them and likewise re invest when you should. anything else is a joke.
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Crypto market is always volatile and most of the time almost unpredictable. At this current market my suggestion would be you can sell half of your eth and then hold the rest. After the market goes down then you can use the fund and buy more eth. This will keep in a safe place most of the time.
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The main thing is managing assets. for example with assets of $1000 we can buy coins with $100 per coin. Getting 10 coins is better than putting them all in one coin.
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The main thing is managing assets. for example with assets of $1000 we can buy coins with $100 per coin. Getting 10 coins is better than putting them all in one coin.
choosing several coins in a Crypto trade is indeed the right way to get profit, because with many coins it will give us more opportunities to earn. However, we must still choose coins that are good and have high potential.
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Currently the market is uprising trend and staying in a good position. In this bullish market i don't like to trade because this time is very risky. I don't like to bear any high risk. In this moment my only tricks is "waiting" and when the price get down then i will buy again.
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choosing several coins in a Crypto trade is indeed the right way to get profit, because with many coins it will give us more opportunities to earn.
Of course, it is better to diversify our crypto coins, both in trading and investment. This way can optimize the chance to get bigger profits and minimize the chance of losing. I also prefer to buy several coins for trading than only focusing on a single coin only. It is much efficient to trade some coins although you will get bigger trading fees.
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eth for the long term is bullish and expectation are saying that the price will visit even 5000$ and more so i think going back to 100$ for the moment is impossible so selling at 1000$ and buying at 100$ is a waste of money,but you can take advantage of that little correction that happens ..
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There are 3 tricks I can do,
-Buy the current price and sell at the desired target.
- provide a pool of liquidity and use it for the long term
- Staking Ethereum 2.0 is my next trick, with the Ethereum that I have, the eth will increase according to the amount of Ethereum staked.
Don't ever wait because we won't know the future price of ethereum.
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I have no tricks but I have a lots of regrets that when Binance coin price less than 20 dollars per BNB then I had more than 40 Binance coin in my Binance exchange wallet but when Binance coin hitted 100 dollar then I sold all of my Binance coin. Now Binance coin more than 300+...
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There are no tricks or shortcuts to becoming rich or successful, you have to put in the work by doing a research or analysing the market, if you don't know how to do that then learn how to analyse the market, I remember when ETH broke the $1000 mark price, so many people sold and today they are regretting it cause eth has been above $1000 for over 2months now, the trick to trading altcoin is simple just buy a potential altcoin and hodl it.
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We must always check the price in the market, moreover we have a lot of crypto assets in store. Don't miss the price drop and the value of our assets also drop because of the price because we are negligent. If in Crypto trading when the market conditions are green like today, choosing a new coin whose price has the potential to rise quickly is my trick and strategy that I have been doing for a long time.
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I want to discuss how to address the market which is currently green.
After this green market, there must be red and red. This is what we don't know where it started.
Suppose I take an example from an Ethereum coin:
-We have 1 Ethereum for 1000 USD (current rate).
-Do we have to sell now and get USDT worth 1000 USD.
-Then buy another order for Ethereum at the price of 100 USD to get 10 Ethereum (it will take a long time).
If you sell your Ethereum now and want to buy back at a lower price, do you think Ethereum can go lowers?? What happens if the price keeps increasing? You will regret your decision. So hold your coin and sell when your target reached(All people have target, right?) is better than sell it for a buyback.
I have no tricks but I have a lots of regrets that when Binance coin price less than 20 dollars per BNB then I had more than 40 Binance coin in my Binance exchange wallet but when Binance coin hitted 100 dollar then I sold all of my Binance coin. Now Binance coin more than 300+...
Like I say above better hold than sell it for a buyback
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From your example, I don't think selling eth at $1000 and hoping it will go back $100 is a good plan, you can how it has rose and now its above $2,000, your wish of getting eth at $100 is just like saying bitcoin would go back $3k-10k which right now seems quite impossible, so instead of selling why not just hold.
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I think any trick can be done for investing but if a bearish trend occurs then the panic will always be there, it might be hard for us to see ethereum price go back to $100, but in crypto, anything can happen and the price can change fast because every trader has many tricks for it. get profit fast then buy other coins at a lower price
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Currently I am not following any special technique. I'm just waiting for next movement of the market. Because I need to understand more about the market.
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You are absolutely right, in order to make a profit, you will need all the tricks for this. Investors can make good money in a bear market.