Topic: It’s very easy to trade Bitcoin - page 2. (Read 25955 times)

It always is easy but to make profit is what obvious thing is and that’s where we need to look at carefully. I do trading in Cryptos through FreshForex broker, as there is a lot more comfort instead of going for exchanges, which to me is way too complicated for comfort.

Patience is always in the key in this kind of market. Bitcoin is volatile, however, it takes some time to make a move. It is really easy to trade Bitcoin the only thing makes it hard to deal with is just because of our emotion. We tend to get to used FOMO especially the newbies but as you get used to it or when you have enough experience I am pretty sure you can handle it well. If you know the basics already I guess that would be enough to survive in this market.

FOMO is one of the main reason why newbies are losing money in the market. They always got stuck in high position because they got hyped too much. If there is a short rally, they will also follow buyers and it is the reason why they got stucked in their position because they do not know what they are doing. We have different view in trading with bitcoins and we can only see it as easy if we will focus on improving our skills.

thats right, before entering the market they should look at the situation first, don't fomo, let alone buy when prices are rising high aka buying at the peak. if you want to play fast, of course not a problem, but when it suddenly falls you have to be ready to sell it on a note of losing just a few percents and it's natural.

That's because you bought during a time when the price wasn't just tanking or at an all time high like any smart man would do. The problem is, a lot of people get in right at the all time high and then expect it to keep going up. If you had gotten in when Bitcoin was almost $20,000, then you would still be waiting on a good time to cashout. My favorite times to trade are when the coin is slowly going up over a few months with dips in between like all of last year was. There's a lot of chances to make some money and you can't really screw it up.

To me it's safer to HODL bitcoin and trade other cryptocurrencies. I'm sure all the beginners prefer this strategy

This looks like a promotion, i don't see any useful trading tips here. Trading Bitcoin is easy but make it profitable is very hard, you need a good strategy and it is affected by many factors.

Yes nothing is easy mate we will have to work hard for every investment even if it’s bitcoin so trading with bitcoin is good but for it people will have to wait until the price rises double and yet price id not good to sell so keep holding and waiting. I am sure till end of 2020 will be good time to trade our bitcoins and yet needs to wait.

Well, no trading is an easy, especially frequent one (but daily trading can give you the biggest ROI rate if done correctly). With BTC nevertheless, if you don't want to spend all of your time watching the charts, so far there is one strategy which maybe is not generating the most profits, but is proven to work almost all the times, deriving from HODLing.
1. You buy BTC when there is a panic and in media, we get the phrase "Bitcoin is dead/is it dead cat bouncing", with price at bottoms (like late 2018).
2. You sell BTC where there is a hype (December 2017) in media.

Example: You sold 1 BTC when BTC was at $18000 level (December 2017). Then, at $4000 level (close to the bottom, when there had been a lot of talking about "crypto winter"), you bought 4 BTC. If you sold them close to last year peak (there was a hype!) at $11000, You would have had $44000. Then, going back to the end of 2019 with this "panickish" hovering around $7200 (with gloomy news) - you could get ~6BTC.
Now, we are expecting BTC price to rise due to the halving this May.

So far this scenario has proven to work (and we are wondering, for how long this scenario will be able to get repeated unless not valid anymore and all the panic/hype news will stop reflecting the real situation).

Not many actions needed (in the meantime you can work fulltime if you want). Feel free to test it with people who are not very familiar with Bitcoin.

actually trade bitcoin, if you have patience, will not end in loss, because if you look at the price of bitcoin, in the end, it always increases. but of course, it takes a long time to recover. In the last 3 months, I have also been quite good in trade bitcoin, every drop below 7000 always fast recovers above 7000. but it does look easy, rather than altcoin trading which is more difficult and risky because it depends on bitcoin flows.

It just a luck but not all times luck will save you in the market challenges. Trading bitcoin is not easy even though professional traders are losing because loss are inevitable. I often to trade bitcoin but my win rate is high, I lose small and I win big. I manage to make profit in bitcoin trading because I often to read books and journals that can help me to become a better and successful trader.

No, it's not. If easy, everybody would do it...BTC is almost 8k holdd nowwww

Those who are started trading in stock market and shifted to crypto is not saying trading is very easy. Even those who are trading cryptos for quite some time are not saying trading is very easy. It is easy to trade yes, just choose what exchange that you will use, add funds, select a coin to trade and wait. Next question is how much do you think you will earn for not studying the coin that you bought? How much do you think you will earn for not even checking the volume of that coin? Its very easy to lose money in trading, that statement is true.

Yeah everything is easy after learning when you start learning about something then its not difficult for anyone and its nature of Human they learn first  about something  and then choose any business or field and for me bitcoin is one of the best coin when people trade easily in it with minimum risk.

I'm confused, I'm not sure what you're talking about.
- If you're talking about trading bitcoin as a payment currency, you're right.
- If you're talking about trading bitcoin for profit is an easy task, it's a misconception, it's really difficult, most people will lose money.

Its not easy but yes if you learned alot and got practical experience from the market the things going easy for you in future,If you have grip on Technical analysis and Indicators usage can win more trades than lose.

Stop loss option more helpful in Bitcoin trading and open the the position in different price with different target,Putting all amount in one trade is risky so more options getting more chance of win the trade.

Indeed the reality of bitcoin trading is very easy to do. It only requires a computer, electricity and internet. Later it will stay
trading on platforms that are already available. It's easy to do, almost anyone can do it. The problem is how to make profits
from bitcoin trading is very difficult. Only people who have the knowledge and experience can success in the world of trading.
So my advice is never to stop learning, because by learning we can gain useful knowledge. Including learning to trade is very
important, because it can have the ability to make a profit in the world of trading.

I think what you're saying is the opposite.

Trading is not that easy especially that you are dealing with a risky investment like cryptocurrencies. The fact that you are saying that you can't find out how to avoid large losses says it. If we will be talking about trading, yeah, it is easy to trade Bitcoin since there are a lot of platforms you can use to trade it but in terms of profit, that is not easy.

One of the most profitable coins today is the bitcoin, and many people put their money on this just for investment because they know the potential of this coin to give a lot of profit in the future. Many people now are struggling about trading in bitcoin because most of the time, they are losing their money in just a single mistake in trading.  One of the keys to success in trading is to have a lot of knowledge in trading because it helps a lot what is the best idea to win trades even in a crucial situation. Trading also can test the patience of the trader because it takes a lot of time before they got their earning.

Why would you move out from bitcoin when you know that in some time there will be halving? I don't understand your logic, you are probably just shilling bch, but without some arguments. Personally I don't like bitcoin forks, I have some of them I got from forks,I sold big part and I left some, but without any plans for them. I don't like many things about bitcoin forks, but probably the constant argue and chaos between forks is what keeps me away from them. Anyway bitcoin was under 7000k, I miss a good buying opportunity, I thought it will sink a bit more but that didn't happen, now we are again over 7k and this is a good place for starting the year. I think soon we will go over 8k, probably in the next couple weeks.