What type of trader are You

[SmartGold01]

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.

If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets. Staking is also good as you made mentioned but I don't like to stake instead that DCA is more preferable to me.

[taufik123]

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.
-snip-

LOL, crying just to be able to invest and trade in crypto is a ludicrous way.
There are many ways that can be done without having to beg for others or use the salary from your real job.

I never even used the money from my real work to just invest, I just relied on Bounties, Airdrops and some giveaway contests on the forums,
so what I got was free money without risk and without worrying about losing.

Now what needs to be done is how to manage the money earned for free from airdrops for long-term investment and trading that can be profitable, it really has to survive and become the starting capital to build your finances.

[Mr. Magkaisa]

        -       From the word "stick," as a trader, there should be only one strategy to focus on when conducting trading activity. Because most of the time many do not succeed in using more than one strategy.

I've tried this because usually they don't match the movement, and when that happens, it's a big problem, and there will be confusion in performing the analysis.

[SamReomo]

If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets.

I guess that's a very helpful suggestion and anyone who follows it will not lose any money by investing in Bitcoin. The DCA method is one of the highly workable methods Bitcoin investors use and many have made fortune with Bitcoin by using DCA and Dip buying strategy.

I personally suggest the DCA strategy accumulators to use DIP buying along with DCA as that's much more profitable and the risk with that is also very low. Those who do DCA+DIP buying often end up making 5% to 10% profit within weeks if market gets upward.

Now imagine if some of those invested total amount of $1M or $5M and Bitcoin price moved 5% upward then such investors can easily take $50k to $250k profit depending on their invested amount for DCAing.

[Azharul]

I believe that trading is one of the best profitable in cryptocurrency world. Because we can earn money from cryptocurrency market within a short time. We think thar trader are two type dividend in cryptocurrency market, one is successful trader and other is unsuccessful trader.So i think that who will be expert in trading market he can earn much money from cryptocurrency market. But who don’t know about cryptocurrency market, he cannot good benefits from crypto market.

[B.Trader]

Your approach of recognizing the two types of traders is insightful, and it’s great that you’re self-aware about your trading style. Taking breaks when the market lacks direction is a wise strategy, especially if you’re still finding your footing. During such times, exploring passive income opportunities like staking can be a productive way to stay engaged in the space without the constant pressure of active trading.

[SmartGold01]

If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets.

I guess that's a very helpful suggestion and anyone who follows it will not lose any money by investing in Bitcoin. The DCA method is one of the highly workable methods Bitcoin investors use and many have made fortune with Bitcoin by using DCA and Dip buying strategy.

I personally suggest the DCA strategy accumulators to use DIP buying along with DCA as that's much more profitable and the risk with that is also very low. Those who do DCA+DIP buying often end up making 5% to 10% profit within weeks if market gets upward.

Now imagine if some of those invested total amount of $1M or $5M and Bitcoin price moved 5% upward then such investors can easily take $50k to $250k profit depending on their invested amount for DCAing.

That is right, every investment and profits are dependants of amount invest in that project or coin and let say, Dr. K M decide to invest in 2 bitcoin and the price soared to like twice the price. Dr. K m didn't only have 2 bitcoin but his investment has increased in dollar equivalent meaning that if he decides to sell he would ends up making a good profits from the investment.

[debra]

-snip- 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.

The first one looks like fit with day traders. They are the type of people who will continue to trade even if we have bad or good market condition. But they never target too big profits, they will accept with small or big profits. So, they have no big problem to trade in any market condition. But for the second one, it is a bit difficult to fit with any trading type. However, there are type of traders who will trade if they look the market in good condition. Scalping and Position Trading may be the trading types that fit with the second one. Well, there is nothing wrong with this type, it seems I am a part of this type. 

[erus]

I don't seem to be a trader but I'm just a member who wants to know about cryptocurrency, a unique system, strong security, absolutely owned by yourself is something I haven't thought about before. In other words, I might trade cryptocurrency if I need it and if I have cryptocurrency and don't have an urgent need, I should hold the cryptocurrency without having to sell it.

[Ricardo11]

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.

If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets. Staking is also good as you made mentioned but I don't like to stake instead that DCA is more preferable to me.

I also agree with you, your advice is a very useful one. If one is afraid to trade then it is better to hold using DCA, because if one is afraid to trade it means he is in panic, and if he is in panic during trading then he will not be able to make the right decision, as a result he will lose his money. can So he should first learn trading well, get all knowledge about trading, and learn everything well then trade, and before that he should pay attention to DCA.

[bayu7adi]

What actually causes someone to want to persist when they hit a dead end??

Okay, let's take LUNA as an example... which is one of the top cryptocurrencies with many holders... but when LUNA was proven to be a scam in 2022, the price of $LUNA really fell but the trading volume was still there. Many people still can't believe their assets suddenly dropped 99% because this is a top coin... rather than selling at a disadvantageous and worthless price, maybe they choose to just hold, even though there is no hope...

Then a small number of people will also start trading LUNA coins when the price is cheap by buying a little, hoping that it will provide big profits

[doc]

What actually causes someone to want to persist when they hit a dead end??

Okay, let's take LUNA as an example... which is one of the top cryptocurrencies with many holders... but when LUNA was proven to be a scam in 2022, the price of $LUNA really fell but the trading volume was still there. Many people still can't believe their assets suddenly dropped 99% because this is a top coin... rather than selling at a disadvantageous and worthless price, maybe they choose to just hold, even though there is no hope...

Then a small number of people will also start trading LUNA coins when the price is cheap by buying a little, hoping that it will provide big profits

LUNa can no longer be expected if there are still those who own and hold this coin in the hope that it will increase again. It is better to think realistically that there are still many other potential coins, profit and loss in crypto are natural things. We must focus on looking at the future to find opportunities to make a profit, forget about the painful things because I also lost a lot of capital at that time, because I owned LUNA.

[Rubel007]

What actually causes someone to want to persist when they hit a dead end??

Okay, let's take LUNA as an example... which is one of the top cryptocurrencies with many holders... but when LUNA was proven to be a scam in 2022, the price of $LUNA really fell but the trading volume was still there. Many people still can't believe their assets suddenly dropped 99% because this is a top coin... rather than selling at a disadvantageous and worthless price, maybe they choose to just hold, even though there is no hope...

Then a small number of people will also start trading LUNA coins when the price is cheap by buying a little, hoping that it will provide big profits

I can still remember the moment of that fall. As soon as the Luna crash happened, its price dropped so much that the market only saw sales expansion. The price suddenly started to go down. It doesn't cost much to understand the situation when a token worth $119 decrease within a moment and start several 0's like a meme coin. At one point, just before the trading pair on the Binance platform was announced to be closed, the price of Luna was so low that one could buy a large number for a small investment. But everyone who decided to buy at that time could make big profits.

[SmartGold01]

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.

If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets. Staking is also good as you made mentioned but I don't like to stake instead that DCA is more preferable to me.

I also agree with you, your advice is a very useful one. If one is afraid to trade then it is better to hold using DCA, because if one is afraid to trade it means he is in panic, and if he is in panic during trading then he will not be able to make the right decision, as a result he will lose his money. can So he should first learn trading well, get all knowledge about trading, and learn everything well then trade, and before that he should pay attention to DCA.

As we know trading is a gradual process and must not rush it but some people think they can just venture into trading and become more successful in it without having to undergo thorough training and studying, and if any finding it too hard to understand then DCA can be good option while they take their proper lesson.

[Hisbullah]

As we know trading is a gradual process and must not rush it but some people think they can just venture into trading and become more successful in it without having to undergo thorough training and studying, and if any finding it too hard to understand then DCA can be good option while they take their proper lesson.

Trading in the crypto world is not easy and it takes a long process to become a professional trader, we must learn about analysis first before starting to trade.
the most suitable for those who are not experts in trading is long-term hold with DCA, I agree with this.