Post
Topic
Board Trading Discussion
Re: Trading bitcoin what do you use
by
Fara Chan
on 03/03/2025, 04:18:49 UTC
When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

I still prefer to hold my bitcoin rather than trade it into any market but if a situation has forced me to trade I would definitely choose altcoins over bitcoin. Because if I have to sell my bitcoin due to certain circumstances, I certainly won't sell below what I bought it for so I would also rather wait for the price to recover if I do have to release bitcoin back into the market.

And if you are stranded because you have bought at a high price when the price of Bitcoin or altcoin increases, of course you only need to use the time to wait for recovery without having to use new capital again to open trading at a different price. Although if you do it at a different price, of course it can also help you recover some of the capital that is already minus.