Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: MrSpasybo on April 30, 2021, 12:08:05 AM
-
Usually, a trader calculates his return based on the asset's value in USD. For example, yesterday he invested 2800 USDT and bought 1 ETH. Today ETH price reaches 3200 USD, he sells 1 ETH and has 3200 USD, so he makes a profit of 3200 - 2800 = 400 USD = 14.3%. Good job!
However, during this bullrun season, we all know that Altcoin's price increase potential is very large, making traders less profitable than holders. For example, a holder buys 1 ETH at 2800 USD and holds it until the end of the bullrun and sells 1 ETH for 10K USD, he will get a profit of 10K - 2.8K = 7.2K USD = 257%.
For trader: he usually sells tokens as soon as returns are between 15-30%, and even though he works hard, he usually only makes 100-150% returns during the bullrun.
Very few traders achieved greater profits than holders during the bullrun.
So I am doing a trading strategy with profit based on the quantity of one altcoin that I trust. And I join the trading pairs and then take profits on this token to optimize its amount instead of converting it to USD.
For example: I believe in the future of BCH, I will enter trading for the purpose of optimizing the quantity of BCH I hold. For example, when BCH/BTC reaches a high rate, I will sell BCH for BTC and wait for the BCH/BTC rate to be low and buy in to increase the amount of my BCH. The end goal is that I'll have plenty of BCH before the bullrun season ends, so I get a compound profit from the increase in BCH quantity and price.
However, as far as I experience, trading on an altcoin is quite stressful because that key altcoin price also changes over time and it is difficult for me to optimize the amount of key altcoin. It's a bit of a pity but I usually close when the return is 5-10% instead of waiting up 30-50% like for USDT based trades.
What do you think about this trading strategy? Do you like its potential or fear its complexity and risks? And are you trading and calculating profits based on the amount of USDT or Bitcoin or Altcoin?
-
Usually, a trader calculates his return based on the asset's value in USD. For example, yesterday he invested 2800 USDT and bought 1 ETH. Today ETH price reaches 3200 USD, he sells 1 ETH and has 3200 USD, so he makes a profit of 3200 - 2800 = 400 USD = 14.3%. Good job!
However, during this bullrun season, we all know that Altcoin's price increase potential is very large, making traders less profitable than holders. For example, a holder buys 1 ETH at 2800 USD and holds it until the end of the bullrun and sells 1 ETH for 10K USD, he will get a profit of 10K - 2.8K = 7.2K USD = 257%.
For trader: he usually sells tokens as soon as returns are between 15-30%, and even though he works hard, he usually only makes 100-150% returns during the bullrun.
Very few traders achieved greater profits than holders during the bullrun.
Unless you are referring to DAY traders, ETH is probably not the best example to use here. Many traders profited more than 300% from DOGE alone when they bought at under $0.10 and sold at $0.30 or $0.40. The same case with BAKE and BANANA who went up over $5 from $1 in less than a week.
So I am doing a trading strategy with profit based on the quantity of one altcoin that I trust. And I join the trading pairs and then take profits on this token to optimize its amount instead of converting it to USD.
For example: I believe in the future of BCH, I will enter trading for the purpose of optimizing the quantity of BCH I hold. For example, when BCH/BTC reaches a high rate, I will sell BCH for BTC and wait for the BCH/BTC rate to be low and buy in to increase the amount of my BCH. The end goal is that I'll have plenty of BCH before the bullrun season ends, so I get a compound profit from the increase in BCH quantity and price.
However, as far as I experience, trading on an altcoin is quite stressful because that key altcoin price also changes over time and it is difficult for me to optimize the amount of key altcoin. It's a bit of a pity but I usually close when the return is 5-10% instead of waiting up 30-50% like for USDT based trades.
Small price movements like 5-10% is not that bad especially when you have volume. It's already a decent profit. If you add that to your capital and roll it over again, you'll continue to build volume.
5-10% on 1 BCH will become 5-10% on 1.1 BCH and so on. It's like a snowball effect if you understand what I mean.
What do you think about this trading strategy? Do you like its potential or fear its complexity and risks?
It's alright but could be time consuming and sleep depriving.
And are you trading and calculating profits based on the amount of USDT or Bitcoin or Altcoin?[/color]
I measure it based on the trading pair I use.
-
I usually calculate my profit based on the amount of USDT because it is more convenient for me. In 2015-2017, I calculated profit based on bitcoin, but now I prefer USDT. I prefer to be a medium-term holder, for me this strategy is the most comfortable, since I do not possess the art of intraday trading.
-
Perhaps this strtegy only applies if you invest and believe in the real potential crypto, and BTC is the best choice when the Altcoin/Bitcoin rates are completely unaffected by the recent correction. At the same time, the transaction volume of the altcoin/bitcoin is also very large, ensuring the necessary liquidity when you want to increase the amount of BTC.
-
If you're saying that holder that hodl has more percentage than traders, them that's incomparable because the time span a hodler will use to hodl is very long compared to a trader that can move from one coin to another and will make more than what hodlers makes for years
-
Calculating profit with USD is indeed easier than calculating profit if we trade COIN pair BTC / ETH / BNB. That is why more people trade with USD pairs than with other COIN pairs. Yet if we trade with other coin pairs such as BTC, ETH or BNB we can get double profits.
-
I calculate my profit based on USD, because it is easier and more convenient for me. I am not a day trader, I prefer to hold all my coins over a long period of time. I will sell my coins when I make a profit.
-
I agree with your strategy which is essentially using trading to increase those coins/tokens you want to hold or the ones you think will be giving you the best return in the long run. And I think there are many traders who are using this strategy. And I also agree that trading can be stressful and can be getting into our nerves if we are not careful. That is why when I trade something I usually forget what will happen to that coin. Just recently, I traded my ADA for USDT thinking that its price will be going down as the market is getting red...alas it made a good pump shortly after.
-
Your strategy is nice, and will actually help on accumulating more of the coin you trade on, but it's certain most traders don't like trading with just one coin, most especially day traders jump from one coin to the other and calculate their profit on amount of usd made so far, well everyone got thier own pattern of trading but the main aim is making profit so good luck and more wins.
-
Most of the time holders mae a little profit they hold for years to make profit. But most ofmthe crypto traders i know do both types of trading. They hold some fund and store them untouched for years and years and uses other fund to trade. This is the best strategy to me and i like it.
-
Your strategy is nice, and will actually help on accumulating more of the coin you trade on, but it's certain most traders don't like trading with just one coin, most especially day traders jump from one coin to the other and calculate their profit on amount of usd made so far, well everyone got thier own pattern of trading but the main aim is making profit so good luck and more wins.
Better trading on several coins to accumulate lose and profit.
Because one coins will make us annoying when dump, or lower then buy.
I have used 3 or 4 coins for my daily traiding.
Btw OP strategy is nice and good for us.
But maybe other own strategy.
-
Your strategy is nice, and will actually help on accumulating more of the coin you trade on, but it's certain most traders don't like trading with just one coin, most especially day traders jump from one coin to the other and calculate their profit on amount of usd made so far, well everyone got thier own pattern of trading but the main aim is making profit so good luck and more wins.
Better trading on several coins to accumulate lose and profit.
Because one coins will make us annoying when dump, or lower then buy.
I have used 3 or 4 coins for my daily traiding.
Btw OP strategy is nice and good for us.
But maybe other own strategy.
Trading is depending on our confident and knowledge.
I didn't trade on many coins, just bitcoin Ethereum and BNB
My consideration those coins have high volume.
But It is not the reason you should like me.
We can have different strategy to do trading.
I have done it since 2017 ang got profit from this strategy.
-
I usually calculate my profit based on the amount of USDT because it is more convenient for me. In 2015-2017, I calculated profit based on bitcoin, but now I prefer USDT. I prefer to be a medium-term holder, for me this strategy is the most comfortable, since I do not possess the art of intraday trading.
Better calculate your profit on USDT mate, because It's stable coin.
We know crypto is volatile,not easy to calculate profit or lost in not stable coins.
I have done trading since 2017 and use stable coins for my trading pairing.
But maybe other have own consideration.
-
Better calculate your profit on USDT mate, because It's stable coin.
We know crypto is volatile,not easy to calculate profit or lost in not stable coins.
I have done trading since 2017 and use stable coins for my trading pairing.
But maybe other have own consideration.
I also use Stable coin for my trading pairs, I think this is the easiest way for us to know how much we profit when trading.
I think most people also prefer USDT trading pairs over other coin trading pairs like Ethereum and BTC.
-
Better calculate your profit on USDT mate, because It's stable coin.
We know crypto is volatile,not easy to calculate profit or lost in not stable coins.
I have done trading since 2017 and use stable coins for my trading pairing.
But maybe other have own consideration.
I also use Stable coin for my trading pairs, I think this is the easiest way for us to know how much we profit when trading.
I think most people also prefer USDT trading pairs over other coin trading pairs like Ethereum and BTC.
Yeah , that's true, stable coins is good value to calculate how much you will profit or lost.
I also used stable coins for my trading pairs.
It depends on market condition.
If the market condition has good progress and the coins grow, I will use bitcoin, Ethereum, BNB or etc for may trading pairs.
You will get double profit from it.
-
Yeah , that's true, stable coins is good value to calculate how much you will profit or lost.
I also used stable coins for my trading pairs.
It depends on market condition.
If the market condition has good progress and the coins grow, I will use bitcoin, Ethereum, BNB or etc for may trading pairs.
You will get double profit from it.
me too, I often have used stable coin for my trading pairs
that's usable for estimate your lost or profit.
But sometimes I also used BNB when trade in binance exchange because low fee and market seems go strong, I will get double profit.
Yeah, stable coin or top coins it depends or your consideration, I agree with this opinion.
-
Calculating profit with USD is indeed easier than calculating profit if we trade COIN pair BTC / ETH / BNB. That is why more people trade with USD pairs than with other COIN pairs. Yet if we trade with other coin pairs such as BTC, ETH or BNB we can get double profits.
You're right, calculate our coins better use USDT or stable coins than top coins.
But there are trader that want to get double profit when market grow up, use top coins such as BTC , ETH and BNB.
It depends on your comfortable.
If you prefer in USDT or stable coins, do it.
OP said trading strategy ,profit is not on USD, sometimes I did.
-
I completely agree with your strategy. The value of the dollar will constantly fall against the top cryptocurrencies in the long term. I think accumulating more and more coins is the best way to save money.
-
If you trade the pair with Ethereum, it will generate Ethereum profits, for example trading BTCxETH.
If you trade a pair with Bitcoin it will generate Bitcoin profits, for example BNBxBTC.
At the beginning, we must dare to take a stand for the initial capital that is determined because I believe that the initial capital chosen will be the benchmark.
I'm more inclined to the initial capital of BUSD because this BUSD is prioritized in terms of price stability.
-
I completely agree with your strategy. The value of the dollar will constantly fall against the top cryptocurrencies in the long term. I think accumulating more and more coins is the best way to save money.
Yeah better to accumulate more in crypto currency than USD.
I also started to collect several potential coins since 2017 till now.
Trading strategy to pair in Ethereum also good to generate profit.
We can gain double profit.
But for newbies better to pair in stable coins , that's more easy to estimate profit or loss.
-
I calculate my profit based on USD, because it is easier and more convenient for me. I am not a day trader, I prefer to hold all my coins over a long period of time. I will sell my coins when I make a profit.
Talking about easier, I agree with you. We can do pairing trading on stable coins such as USDT.
Yeah, profit based on USD.
But If we want to gain double profit when market show good performance I think top coins as trading pair is the best to do.
You can do that.
I also used ETH, BTC and BNB for my trading pairs .Maybe other members did it
-
trading crypto that not based on USD is really hassle in my opinion because you will always calculating to know how much you earn profit. I prefer pairing altcoins to stable coins because you know the total of your profit or loss, no need to calculate.
-
trading crypto that not based on USD is really hassle in my opinion because you will always calculating to know how much you earn profit. I prefer pairing altcoins to stable coins because you know the total of your profit or loss, no need to calculate.
That's true, trading crypto that not based on USD will be hassle, but It's not the big problem we always calculate our profit or loss.
I did it if the crypto market show good performance, where will get double profit if besed on top coins.
I did both, sometimes based on USD, and several times also based on top coins, such as bitcoin, BNB and Ethereum.
-
I got it what you are talking about. You are only focusing on increasing the number of the coins you have. But only using BTC pair with that coin is not the only and better option. Just think what if you sell your BTC above 60k and then by back below 30k which it touched two times already. You would have 2x of your coin already. This can also be a good way if you can catch the top and bottom.
-
MetaverseMe is my favorite Metaverse project since it allows me to construct my own NFTs and display them in MetaverseMe.
-
I got it what you are talking about. You are only focusing on increasing the number of the coins you have. But only using BTC pair with that coin is not the only and better option. Just think what if you sell your BTC above 60k and then by back below 30k which it touched two times already. You would have 2x of your coin already. This can also be a good way if you can catch the top and bottom.
Good way to touch two times already , we will have 2x of our coin.
But We should rethink, if BTC down to 30K, our coins also down.
I think pairing in BTC or other top coins will more profitable when the market progress is good.
But when high volatile and seems extreme , I don't think It's good to pair in top coins.
-
I'm new to Metaverse, however with the help of MetaverseME, I was able to create my own nft and use it in games. That's fine with me for the time being.
-
hello there, guys The game-fi universe is expanding at a breakneck pace, and it's becoming increasingly impossible for me to keep up. Bitbrawl was the most recent project that caught my attention.
-
I got it what you are talking about. You are only focusing on increasing the number of the coins you have. But only using BTC pair with that coin is not the only and better option. Just think what if you sell your BTC above 60k and then by back below 30k which it touched two times already. You would have 2x of your coin already. This can also be a good way if you can catch the top and bottom.
Good way to touch two times already , we will have 2x of our coin.
But We should rethink, if BTC down to 30K, our coins also down.
I think pairing in BTC or other top coins will more profitable when the market progress is good.
But when high volatile and seems extreme , I don't think It's good to pair in top coins.
Yeah, when the market seems extreem , better to pair in stable coins.
But every people have own consideration to to the best way to gain profit.
I personally prefer use trading pairs in stable coin.
Because we all know crypto currency is high volatile and unpredictable.
-
I think I agree trading based on USD, It's easier to calculate the loss and profit.
I agree with this opinion.
Although many traders have trading pairs on top coins such as BTC, ETH, BNB.
It's also not bad.
They can gain double profit when market pump.
-
I think I agree trading based on USD, It's easier to calculate the loss and profit.
I agree with this opinion.
Although many traders have trading pairs on top coins such as BTC, ETH, BNB.
It's also not bad.
They can gain double profit when market pump.
You're right, trading based on USD or top coins are depending on confidence of you.
If you prefer based on USD, yes you can.
But I think when market show good progress, I think top coins are the best choose.
I used both , USD or stable coins and BTC and ETH, sometimes use BNB for my trading pairs.
-
I think I agree trading based on USD, It's easier to calculate the loss and profit.
I agree with this opinion.
Although many traders have trading pairs on top coins such as BTC, ETH, BNB.
It's also not bad.
They can gain double profit when market pump.
Yep. No problem to trade based on USD, USDT (stable coins) or top coin pairs. As long as we know it is the right strategy for the current situation in the market. I never use the same strategy, never stuck in a single strategy to trade with USD, USDT only. Sometimes I prefer to use top coins, it is when I know the market is probably to increase significantly.
-
I'm just noobs is crypto trading.
I prefer use top coins for my trading pairs than stable coins such as USDT, BUSD, DAI etc.
Because when the market is increasing significantly, I want to gain double profit from my coins.
If the market is struggling, I will use stable coins for trading pairs.
-
Everyone must have their own strategies and choices in looking for profits in trading Crypto, but I think by trading the USTD pair then we can easily see the value of our assets. How much do we gain and how much do we lose, and that's what I've used so far.
-
Everyone must have their own strategies and choices in looking for profits in trading Crypto, but I think by trading the USTD pair then we can easily see the value of our assets. How much do we gain and how much do we lose, and that's what I've used so far.
that's true, trading pairs in stable coins, such as USDT, BUSD or other , it's easier to estimate our profit.
We can more easy know the value of our assets .
But pairing in top coins is also suitable when market is going up .You will get double or maybe triple profit from your coins.
So, you can choose whicya re more suitable for you.
-
I'm just noobs is crypto trading.
I prefer use top coins for my trading pairs than stable coins such as USDT, BUSD, DAI etc.
You are noobs, a newbie?
No problem if you just started in crypto trading, but you must have a big intention to learn. Sure, trading with stable coins is also good, you can secure your profits once the market is very unstable. Keeping the profits in stable coins will make the values to be safe, will be different if you choose non stable coins.
-
My trading strategy short term investment is only suitable for new coins, short term investment or less than a year if we invest in new coins then the opportunity for big profits is very good, do DYOR deeply and start buying new listed coins or better invest in ICO/ IEO, hold for at least a year and I'm sure we can get a big profit.
-
My trading strategy short term investment is only suitable for new coins, short term investment or less than a year if we invest in new coins then the opportunity for big profits is very good, do DYOR deeply and start buying new listed coins or better invest in ICO/ IEO, hold for at least a year and I'm sure we can get a big profit.
Investing in a new coin in a bear market like this could be very risky. In a bear market money outflows from the market so top project lose their marketcap then how small and startup project will grow. This type of market is only good for accumulation not trading. I took a significant amount of lose from these market by investing in new coins.
-
My trading strategy short term investment is only suitable for new coins, short term investment or less than a year if we invest in new coins then the opportunity for big profits is very good, do DYOR deeply and start buying new listed coins or better invest in ICO/ IEO, hold for at least a year and I'm sure we can get a big profit.
Investing in a new coin in a bear market like this could be very risky. In a bear market money outflows from the market so top project lose their marketcap then how small and startup project will grow. This type of market is only good for accumulation not trading. I took a significant amount of lose from these market by investing in new coins.
At bear market, better to invest on top coins.
for investing in new coins or new projects are very risky.
But If we can choose potential projects, especially new projects we will gain big profit.
-
I don't see any wrong with your strategy Sir, perhaps, your not the only traders who is doing that thing I guess. Actually, if you don't mind I will copy the style of your trading strategy because it is really in my own opinion. So in the matter I got an idea about in short term trading activity.
-
I think I agree trading based on USD, It's easier to calculate the loss and profit.
I agree with this opinion.
Although many traders have trading pairs on top coins such as BTC, ETH, BNB.
It's also not bad.
They can gain double profit when market pump.
Yep. No problem to trade based on USD, USDT (stable coins) or top coin pairs. As long as we know it is the right strategy for the current situation in the market. I never use the same strategy, never stuck in a single strategy to trade with USD, USDT only. Sometimes I prefer to use top coins, it is when I know the market is probably to increase significantly.
I do not think having multiple strategies at the same time is a good option. It will be better to have some basic planning and make any necessary changes based on any new market changes. This type of flexible strategy could be used in every market condition. Also, it is better to have some plan than to have no plan. Trading is an investment, so there must be some plan.
-
For example: I believe in the future of BCH, I will enter trading for the purpose of optimizing the quantity of BCH I hold. For example, when BCH/BTC reaches a high rate, I will sell BCH for BTC and wait for the BCH/BTC rate to be low and buy in to increase the amount of my BCH. The end goal is that I'll have plenty of BCH before the bullrun season ends, so I get a compound profit from the increase in BCH quantity and price.
So you are trading BCH and holding BTC. I think this means that BTC should be in a bullrun too, otherwise you will get losses.
Fixing profits in USDT is a little bit different.
-
Based on USD or not, I think It depends on your comfort.
Sometimes I also used top coins as trading pair , same like several members here.
But I often used stable coins.
-
Based on USD or not, I think It depends on your comfort.
Sometimes I also used top coins as trading pair , same like several members here.
But I often used stable coins.
Using stable coins for trading has many benefits because prices are not as volatile as tokens
-
I admit that you have more chances of getting right with your predictions when you trade stable currencies. But I also know that you have more chances of making money when you trade highly volatile pairs.
-
Usually, a trader calculates his return based on the asset's value in USD. For example, yesterday he invested 2800 USDT and bought 1 ETH. Today ETH price reaches 3200 USD, he sells 1 ETH and has 3200 USD, so he makes a profit of 3200 - 2800 = 400 USD = 14.3%. Good job!
However, during this bullrun season, we all know that Altcoin's price increase potential is very large, making traders less profitable than holders. For example, a holder buys 1 ETH at 2800 USD and holds it until the end of the bullrun and sells 1 ETH for 10K USD, he will get a profit of 10K - 2.8K = 7.2K USD = 257%.
For trader: he usually sells tokens as soon as returns are between 15-30%, and even though he works hard, he usually only makes 100-150% returns during the bullrun.
Very few traders achieved greater profits than holders during the bullrun.
So I am doing a trading strategy with profit based on the quantity of one altcoin that I trust. And I join the trading pairs and then take profits on this token to optimize its amount instead of converting it to USD.
For example: I believe in the future of BCH, I will enter trading for the purpose of optimizing the quantity of BCH I hold. For example, when BCH/BTC reaches a high rate, I will sell BCH for BTC and wait for the BCH/BTC rate to be low and buy in to increase the amount of my BCH. The end goal is that I'll have plenty of BCH before the bullrun season ends, so I get a compound profit from the increase in BCH quantity and price.
However, as far as I experience, trading on an altcoin is quite stressful because that key altcoin price also changes over time and it is difficult for me to optimize the amount of key altcoin. It's a bit of a pity but I usually close when the return is 5-10% instead of waiting up 30-50% like for USDT based trades.
What do you think about this trading strategy? Do you like its potential or fear its complexity and risks? And are you trading and calculating profits based on the amount of USDT or Bitcoin or Altcoin?
[yes its true due to volatility in the market, alternative sources of income should be tried. Have you heard of Mallconomy]
-
It doesn’t really matter what the rest of the world is doing. All that you must care about is how well you can take advantage of the market you want to build your career in. Start with the easiest coins that you understand and then move towards the top.
-
I think I agree trading based on USD, It's easier to calculate the loss and profit.
I agree with this opinion.
Although many traders have trading pairs on top coins such as BTC, ETH, BNB.
It's also not bad.
They can gain double profit when market pump.
You're right, trading based on USD or top coins are depending on confidence of you.
If you prefer based on USD, yes you can.
But I think when market show good progress, I think top coins are the best choose.
I used both , USD or stable coins and BTC and ETH, sometimes use BNB for my trading pairs.
I support you in what you say, investing in the top coins here in cryptocurrency can be said to be less risky than other altcoins or meme coins that we will buy that are not included in the top altcoins. But there are also other altcoins or meme coins that are not included in the top listed in the market that is also suddenly going along with the bull run. So more research is needed in this regard.
-
But there are also other altcoins or meme coins that are not included in the top listed in the market that is also suddenly going along with the bull run. So more research is needed in this regard.
yeah but I think bull run pumps all the crypto, so you just need to in the market at that moments 8)
-
Therefore, you are a BCH believer and you believe that it has great potential in the future. For that matter, you are not the only one who believes in BCH, there are many of you. Besides that, I think that ETH is not a suitable example for trading, not because it has no potential but even if you can make a lot of money here, I don't see a good development for this ETH at the moment, I just don't know if I'm wrong in my assessment.
Also, I think the day trading method is one of the main good things to do right now, while we are in a bear market. As long as you know how to understand crypto trading, you will not be far from making a profit every day in this trading industry.
-
Writter says :
However, during this bullrun season, we all know that Altcoin's price increase potential is very large, making traders less profitable than holders. For example, a holder buys 1 ETH at 2800 USD and holds it until the end of the bullrun and sells 1 ETH for 10K USD, he will get a profit of 10K - 2.8K = 7.2K USD = 257%.
Holding is much safer then trading but not profitable then trading why look experienced traders have high chances of multiplying money on less time for example look the chart on upward rally there are many higher lows this will give traders advantage to making more profit by selling and buy again or if you are Futures traders .
-
Writter says :
However, during this bullrun season, we all know that Altcoin's price increase potential is very large, making traders less profitable than holders. For example, a holder buys 1 ETH at 2800 USD and holds it until the end of the bullrun and sells 1 ETH for 10K USD, he will get a profit of 10K - 2.8K = 7.2K USD = 257%.
Holding is much safer then trading but not profitable then trading why look experienced traders have high chances of multiplying money on less time for example look the chart on upward rally there are many higher lows this will give traders advantage to making more profit by selling and buy again or if you are Futures traders .
Even though your calculations are correct, you need to remember that Cryptocurrency price movements are not easy to predict, including Ethereum prices, which have uncertain up and down price movements, so stay alert and don't take or choose the wrong coin you want to buy. Make sure you have considered carefully.
-
It's still difficult to do this, if there is a break-even strategy on cryptocurrency, someone will give it to you.