Posts like this are weird.
Some Newbie posts a really easy question for anyone to answer (no bitcoin knowledge required.) I feel like we're being trolled or something.
Topic: How to make use of flexibility of the rate of Bitcoin and use it to earn btc (Read 1002 times)
November 16, 2015, 06:26:12 PM
November 16, 2015, 10:44:21 AM
buy when the price is the most stable for a long time, then sell at peak when you see a little resistence among sellers
This is pretty much it, the problem is identifying what's a peak... you may think 500 was the peak the last time, and sell there, but it could have perfectly keep going up to 2K USD and you would lose on massive gains, then you wouldn't know when to get back in... selling is always risky.
November 16, 2015, 06:56:25 AM
Always buy some coin after a big price drop. Then sell the majority of that coin when the price returns to normal, and move the remainder to a holding account.
Also, you could try to sell at the top of spikes and buy back after the correction. That's much more difficult to pull off though.
Also, you could try to sell at the top of spikes and buy back after the correction. That's much more difficult to pull off though.
This is probably the best adivce.
After a steep drop, there is almost always a correction back up, to about 50-80% of the price before the drop. If you watch closesly, or set alerts, you could profit of this.
Yes, maybe only this! But this doesn't work all the time as well. After a big drop, you might have a second wave and even bigger second drop.
All in all OP, it's a gamble! A pure gamble! As one of my friends has suggested, I prefer betting on sports instead. With sports betting, you at least have odds in the beginning and you can have some insight on what might happen. With Bitcoin trading, you know absolutely nothing!
November 16, 2015, 06:41:19 AM
Always buy some coin after a big price drop. Then sell the majority of that coin when the price returns to normal, and move the remainder to a holding account.
Also, you could try to sell at the top of spikes and buy back after the correction. That's much more difficult to pull off though.
Also, you could try to sell at the top of spikes and buy back after the correction. That's much more difficult to pull off though.
This is probably the best adivce.
After a steep drop, there is almost always a correction back up, to about 50-80% of the price before the drop. If you watch closesly, or set alerts, you could profit of this.
November 15, 2015, 07:21:44 PM
The best way is to stop wasting your time on this forum. It's full of idiots who believe btc is going to be worth $1,000,000 or more. There are so many of those who could have or should have sold their bitcoins when it was worth over $1200 each, and they didn't. Bitcoin will NEVER see $1200 EVER AGAIN. We will probably rise to $500-600 early next year, but it will fall back down to $250 and stay there.
November 15, 2015, 07:03:06 PM
November 15, 2015, 03:27:30 PM
I am not sure if buy low sell high is enough for btc. It sometimes drop heavily.
November 15, 2015, 02:11:24 PM
buy when the price is the most stable for a long time, then sell at peak when you see a little resistence among sellers
November 15, 2015, 01:30:46 PM
Always buy some coin after a big price drop. Then sell the majority of that coin when the price returns to normal, and move the remainder to a holding account.
Also, you could try to sell at the top of spikes and buy back after the correction. That's much more difficult to pull off though.
Also, you could try to sell at the top of spikes and buy back after the correction. That's much more difficult to pull off though.
November 15, 2015, 10:18:12 AM
I have observed that the rate of BTC is very flexible and everyday it goes up and down so can anyone tell the process how to use a to and earn more btc.
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