I feel that the peak of Bitcoin could happen next year.
I think since 2018 people said that. That bitcoin prices will increase next year, because the previous year has passed.
My reason is very simple, because I want to feel the price like in 2017.
That's not a reason, but hope. Reason is the comparison of two different things based on data.
The trade of bitcoin is not a big challenge compared to trade altcoins. Because if bitcoin is down 5%, maybe some of the altcoins you are trading down to 20%. That's normal when you trade in this market. My experience is that you should place stop-loss for any transaction. And please put a stop-loss in 2-3%. If you forget to set a stop-loss, do not fall into a panic and sell with a lot of losses. Please hold until the price returns to the price you want buy. Wish you success in this market.
Yes. Stop Loss is a solution to avoid continuing losses.
It is a very big challenge to predict the movement of bitcoin, and if anyone is to trade bitcoin at this time, I think we just need to avoid being greedy, any increase we see, we take it and wait for correction, because if we keep waiting for a bigger increase before correction, it may make a U-turn against our trade and make us lose the opportunity to take the profit that we ought to have taken, and then we have to wait for several days or week for another increase opportunity again.
It has really not been so fun for people trading, it got to a point I just felt like leaving the coin for long term holding, and just keep monitoring the market till it gets to ATH before taking my profit. This decrease we often see now will be temporary, it is just corrections that often occur and I am sure that before the end of the year, $20k will be very possible.
If we refer to December 17, 2017, the price of Bitcoin has increased to $ 19,140.76. I think this is the first time the price of Bitcoin with the top score.
January 7, 2018, the price of Bitcoin fell again to the figure of $ 16,477.59. That is, the price of Bitcoin only lasts at the highest price of one to two weeks.
So, in my opinion, the peak price for Bitcoin won't last long. So, If we already feel we can get a little profit from the previous price, we can sell.