What type of trader are You

[SamReomo]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

In that case I would consider myself as No.1 type because I never leave the market no matter if its going in bull direction or its in bear direction. I'm a type of trader who always tries to gain something from the market movements and I mostly trade at spot market as that's quite suitable for me.

Some traders prefer to take breaks when market is not according to their strategies but thankfully I have made multiple strategies of my own that works in most conditions of the market, and to be honest those work because I'm a patient trader.

[|MINER|]

In that case I would consider myself as No.1 type because I never leave the market no matter if its going in bull direction or its in bear direction. I'm a type of trader who always tries to gain something from the market movements and I mostly trade at spot market as that's quite suitable for me.

Some traders prefer to take breaks when market is not according to their strategies but thankfully I have made multiple strategies of my own that works in most conditions of the market, and to be honest those work because I'm a patient trader.

Here we have some similarities on the case of trading with you, I want to say I am also a hybrid trader but most of the time I am in the long-term strategy in this case I am a long-term trader but I have also done some short trading depending on the market situations like on the altcoins.
And I think this is an ideal plan for doing trading not the short term trader not the long term trader stay with the hybrid plan.

[Aanuoluwatofunmi]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

By the virtue of the kind of person i am and the way i trade, am not under the fist kind of category trader you have mentioned, but i see myself well fitted in the second category, the first one will have to comprise of the types of traders who will always remain on the market trading irrespective of the the season or the challenges because they are always at the top of the game trading, while someone like me who is not a full time trading will have to take some break till the market becomes more favorable.

[ZAINmalik75]

Paid airdrops?
so you pay to get some potential airdrops to work on and for bonuses like allocations isn't it like a private sale for some new projects, so you get more allocations specifically before the project is released to the public.

I also participated in several private sales, but there were more losses and projects that did not succeed in achieving the Hard cap target or projects that were not able to grow. It is better trade regularly to make more definite profits.

I agree with your statements because I did get allocation but I did not say I use them too. And by paid airdrop I meant to say there are free airdrops and paid airdrops in free airdrops we don't have to use or money but in paid airdrops we have to use our money in the form of staking, transaction fee and trading volume and sometimes we have to buy NFT like base NFTs.

Most people who have earned good money from airdrops love to invest again and sometimes they get scammed as they get nothing but sometimes they earn a lot. Out of 10 if 2 to 4 airdrops are lefit then people make good money.

[Z-tight]

I am not really much of a day trader, i have not learnt the skill, neither do i think i can handle the risk, i just prefer to buy BTC and accumulate more whenever i get the chance to, especially when the market tanks. Day trading and monitoring the market constantly is for day traders, however, if you do not have have what it takes to trade that way, just store BTC for the long term.

[ZAINmalik75]

I'm also a bit confused by his statement about "paid airdrops". Is it true that there are paid airdrops, or is it just a deposit to get rewards? Or is it possible that the airdrop actually pays us and gives rewards?

I don't know, but if it's really an airdrop and I have to spend money to join, then I will choose to leave and not do it.

If it's a private sale, maybe I will follow it, but of course, we will be much more careful and selective when choosing the project, because the risk is indeed very high for various new projects.

Airdrops actually pay and reward their early users on the basis of their contribution. There are many examples of airdrops that have paid till now BB, Manta, Not, etc. These are some famous airdrops you might have heard about them. By paid airdrops I meant we have to invest like Base airdrops require their users to buy NFTs and as far as I know each NFT is worth $2 to $5.

People are buying these NFTs in the hope of getting an airdrop. Then there comes the BWB airdrop started by Bitget wallet. Users had to swap coins into another by paying swapping fee which was high and these users were not aware of the rewards but still they invested money in the swap fee form.

Joining paid airdrops have some confidence that it can make us more profit but we can't make much money from free airdrops.

[Ujok]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

I choose no.1 to survive in the ups and downs of the market, when we survive in a situation like this maybe we can trade again so that we can get profit every day so that we can cover the losses. if we stop when the market loses direction as you said, then we will not advance and even fall deeper because there is no income to cover the losses we experience.

[satpol_PP]

I am not really much of a day trader, i have not learnt the skill, neither do i think i can handle the risk, i just prefer to buy BTC and accumulate more whenever i get the chance to, especially when the market tanks. Day trading and monitoring the market constantly is for day traders, however, if you do not have have what it takes to trade that way, just store BTC for the long term.

Hold bitcoin for the long term is a good way to minimize losses if we do not have the skills to do daily trading. because daily trading requires focus and of course we must have experience in doing it. many are learning to do daily trading, I also do it and get profit even though not much but regularly.

[_act_]

Hold bitcoin for the long term is a good way to minimize losses if we do not have the skills to do daily trading. because daily trading requires focus and of course we must have experience in doing it. many are learning to do daily trading, I also do it and get profit even though not much but regularly.

Day trading is very risky. All traders want to make money from day trading but do you know that trading is very risky and many traders are losing money when they are looking for money. I will prefer to hold than to trade. So it is not about the experience alone. Some traders will lose and continue to lose despite that they are looking for better strategies.

[Hamza2424]

Hmm, here you've mixed the traders with holders or you can say investors, a trader never takes a break whether he's long frame trader or a short frame trader, but at the same time investor or holder takes entries only in the favorable market conditions. So the types you are trying to mention are not only traders, you can it as are you a short frame trader or long frame trader? hehe but anyway I'm a long-frame trader and holder as well.

[vegasus]

Hold bitcoin for the long term is a good way to minimize losses if we do not have the skills to do daily trading. because daily trading requires focus and of course we must have experience in doing it. many are learning to do daily trading, I also do it and get profit even though not much but regularly.

Yes, this is the best way for beginners or people who are indeed less able and capable of trading, for various reasons. Holding Bitcoin by knowing its phases in the bearish era - the process - to the bullish era, at least you can understand when to buy and when to sell or take profits. Here, we understand very well that some people will prefer to hold BTC for the long term, because it is much easier. Just leave it in the wallet and occasionally we can check it through several platforms, possibly our portfolio. And if our target is for the long term, then whatever happens to the market, related to its crash, it will not cause us to panic.

But, it'll different if coins that we are holding are shit coins. These coins must be taken profits as long as its high price, or we will be losing the chance to take the profits.

[Mr. Magkaisa]

I am trader not investor, but some time change my trading way from short term have to be long term or holder after my coins investment price get drop significant.
I think many trader have difference way with trading from long term or short term but if you have much money become investors more interested than short term trading with high return profitable earn more than thousand hundred percent.

I prefer with short term trading only to avoid won't to be long term investment when my coins trading get down drastically, but if wrong with my prediction stop loss feature already set up with loss earn around 20%. Not problem have loss around 20% but I can make recovery buying back on lower price.

           -     How can you be a trader in the crypto trading field if you don't buy crypto? especially if you lost the analysis set-up you did on an exchange platform. I don't get your logic that "you're a trader, but you're not an investor." Unless the cryptos you get are from participating airdrops,.

Or the cryptocurrency that you hold comes from the bounty or signature campaign that you participate in, which does not come from your pocket when you sell crypto assets in this business industry.

[taufik123]

-snip-
Most people who have earned good money from airdrops love to invest again and sometimes they get scammed as they get nothing but sometimes they earn a lot. Out of 10 if 2 to 4 airdrops are lefit then people make good money.

I experienced that, made a lot of money from the airdrop and then developed the yield I got for investing in other coins and started trading.

So it will continue to be sustainable and until now I do it.
There are many benefits that I have gotten, so the airdrop provides capital that then grows rapidly for long-term profits.

[ZAINmalik75]

I experienced that, made a lot of money from the airdrop and then developed the yield I got for investing in other coins and started trading.

So it will continue to be sustainable and until now I do it.
There are many benefits that I have gotten, so the airdrop provides capital that then grows rapidly for long-term profits.

You nailed it because there are people who cry because they do not have enough money to start trading, and there are even people who tease their parents for money so they can start trading. In most cases, people use bad methods to earn money so they can begin trading. This method of earning free money through airdrops is the most efficient.

Although the profit has been reduced due to the large number of users joining airdrops, we can still earn enough money to begin trading. I also made money from airdrops and used some of the funds for trading. We can also use that free earned money to join paid airdrops.

[Faisal2202]

I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

We should not limit the types of trades to only two numbers because, in my sight, there are a lot of types of traders, some of whom stick to the market, some do not, and some make a profit in consolidation. Some stop there, some wait for the bull run, and some do wait for the bear market. Everyone is trading according to their funds, profits, losses, emotional behaviors, and financial situation.

I don't take breaks I try to focus on opportunities and have learned that whenever we become lazy and think we can benefit from some opportunity later but don't do anything, it results in a big loss. So always stay focused on new opportunities, and I prefer to trade in not so many coins but a few.