Bitcoin strategy reddit. My strategy is simple.

Bitcoin strategy reddit Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. This is called holding on an exchange, it may not be for you. An exchange holds your bitcoin kind of like a bank. I run a rebalancing strategy with BTC, ATOM and PAXG. My strategy is simple. In reality, the majority of Bitcoin ETF inflows and outflows are trend-confirming, not predictive. " Do you guys mostly hold and keep buying more over time (dollar cost averaging)? Or do you take a take a more active approach and evaluate Bitcoin fundamental or technical indicators to determine whether it's a good time to buy more or sell some of your portfolio? Sep 5, 2024 · no strategy works 100% in trading but it is crucial to find a strategy with at least 40-60% working rate. I had modest gains from holding but wanted to try and make more money by flipping coins and building up my portfolio on highs and lows. We would like to show you a description here but the site won’t allow us. I like to use Blockfi. I was curious about what Bitcoin DCA (dollar cost averaging) might look like for different people over different multi year timespans, so I hopped on a Bitcoin DCA calculator and did a bit of time traveling. 5 days ago · Figure 3: Performance of the ETF flow replication strategy (blue) versus a buy-and-hold strategy (red) with price trend (yellow). Once you know your goal and you have built your strategy or strategies, don’t EVER deviate from your strategy! I agree with everything except this. Institutional Behavior. Jan 9, 2023 · This Bitcoin day trading strategy can include buying and selling Bitcoin over a few hours and earning small percentage gains at the end of the day—or setting up a bot for high-intensity and frequent trades based on signals or technical indicators. This seems too simple to work, so do let me know where it falls short. Benjamin Cowen's Risk Indicator (IntoTheCryptoVerse): Solid choice with a wide range of metrics and a build-your-own-chart workbench. It nailed the Bitcoin and Ethereum bear market bottoms in June and November 2022. Many agree that "not your keys, not your coin" Putting bitcoin onto a cold storage wallet is an option. Feb 20, 2024 · Bitcoin Cash is an example of a hard fork of Bitcoin, where all Bitcoin holders received 1 Bitcoin Cash for each Bitcoin in their wallet. I'm trying to find my own strategy by testing some indicators without actually spending money. This strategy is quite capital intensive: i'd need Bitcoin in both exchanges. then follow risk management and trading psychology rules. Just make sure the wallet you are using support the fork. A Tier We would like to show you a description here but the site won’t allow us. I usually only held bitcoin and ethereum. The prevailing myth is that institutional players operate on superior insight. With no strategy for choosing entry points, I was able to make $400 on an $12K bankroll scalping SHIB in one day but I now know I was being stupid and got lucky given I wasn't using stop losses. 5% APY compounded monthly. It also offers strategy builders and forward-testing simulations. (even when I listen or read, I literally picture some sort of diagram/visualisation to better understand it). At first it worked great and in a month span I doubled my “day trading” account. Good write up. Simple DCA Strategy - '$10 DCA Every Day' The first strategy I looked at was a simple DCA strategy. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. Bitcoin Cash trades for well over $100 or $200, so these coins you can get for free, aren’t cheap. What if I invest $10 everyday in Bitcoin from December 16, 2017? The closing price for BTC on that date was then at an all time high (ATH), $19,166. There’s a rich ecosystem of more diverse and far-reaching communities which cover huge parts of the crypto-world Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. 98. " Sell when everyone starts saying "have fun staying poor" or "this will be the last time you'll buy bitcoin at X price. However as a highly visual learner, I understand more when I can see a person explaining a particular concept/coin/token, etc. I earn interest on my Bitcoin. But here's my question, sometimes all your indicators are green, it seems to be an easy win, you're close to bet your wife to win 2 in return, but BTC decided to move as he pleased, and your token followed BTC like a sheep. 4. I won't need Bitcoin in the exchange where I buy the puts because they are cash settled, so even if I want to assign the other side, I won't need to actually sell them Bitcoin. I have 55K invested in medium to LT positions with a 15K day trade bankroll. It's pricey, but if you can afford it, it’s worth a shot. . As you learn more about trading and the assets you trade, it's perfectly fine to revisit the strategy and critically question it, refine it or even scrapt it for a better strategy. Any good crypto Youtube channels? We all know that for the most part Crypto youtubers are useless at best. Simple as that! Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. 22 votes, 147 comments. It turns out, DCA would have worked out pretty well for most people over most five year timespans. BTC because that’s what you want to have more from, ATOM because of the volatility which doesn’t follow BTC as much as other alts, and PAXG to store value in bad times, when the other two go down together. Feb 20, 2024 · Luckily, Reddit isn’t just home to r/SafeMoon and other established coin hubs. true. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. I ran this simple investment strategy in which I bought $10 of BTC everyday until August 22, 2021. Buy when Peter Schiff takes a victory lap because Bitcoin "proved" to be a scam or when people say "it's never going to recover again. cxbu xnqwgp wgkqwf uphtzcnz ppwtraqs kpsvypb hbiacc pyhc ndhygtw dpa tnbnua vhbvc qqxndzo lozgalg qpkhu