Bitcoin halving has consistently proven itself as a profitable event for me.
I wasn't an early investor, but I'm grateful that my first experience with halving in 2016 brought me substantial profits that came in 2017, allowing me to enjoy significant gains from a small capital investment. That year, not only did Bitcoin perform well, but altcoins also saw remarkable price increases. So, my strategy has been simple: follow the trend until it shows signs of breaking.
Topic: Let's share some tips among ourselves. - page 6. (Read 842 times)
The criteria I used when buying and selling is when the price is down a lot or when my time for DCA comes. The selling time is when the price reaches my target price, but if it does not happen, I will continue my DCA until the price increases.
From your three factors, I choose numbers 1 and 2. Those two are good to start buying and selling but you need to analyze to know when to buy and sell. Without an analysis and only acting based on the news, you can get the wrong time to buy and sell and you will not get a profit.
You can search for all the news, but if you do not analyze the market, you will not find when the time is coming to buy or sell. But that is your method, which does not always work for us because we will have our own methods.
From your three factors, I choose numbers 1 and 2. Those two are good to start buying and selling but you need to analyze to know when to buy and sell. Without an analysis and only acting based on the news, you can get the wrong time to buy and sell and you will not get a profit.
You can search for all the news, but if you do not analyze the market, you will not find when the time is coming to buy or sell. But that is your method, which does not always work for us because we will have our own methods.
It all boils down to market sentiment. Mostly it's not even the decreased supply distribution through the halving that causes market upticks — it's mostly the fact that people think they need to invest more money in the asset due to decreased bitcoin units being distributed. It's mostly only narratives in the short-mid term.
Do you agree that sentiment is embedded in charts?
Only tip I can give you is this.
If bitcoin is rising and all your friends and family are talking about it. You go outside and you see people looking at the bitcoin price on TradingView. Your Uber driver is trading and driving at the same time. You got people selling their homes to buy bitcoin. It means it’s time to Sell. It works almost every time at predicting a top.
Predicting the bottom is when bitcoin doesn’t move and everyone thinks it’s dead, like right now actually. Usually this means it bottomed and should rally from here on out.
If bitcoin is rising and all your friends and family are talking about it. You go outside and you see people looking at the bitcoin price on TradingView. Your Uber driver is trading and driving at the same time. You got people selling their homes to buy bitcoin. It means it’s time to Sell. It works almost every time at predicting a top.
Predicting the bottom is when bitcoin doesn’t move and everyone thinks it’s dead, like right now actually. Usually this means it bottomed and should rally from here on out.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Based on a long period of time and having provided consistent profits according to my target, points 1 and 2 are still a guide. While I wasn't very active in day trading, I decided to be a long-term investor who buys and sells at the right time. However, for point 3, this is only done when I am researching a particular project and have a goal of what I am looking for, so there is a percentage that can be allocated on the condition that I have to enter as an initial investor who can easily make profits more quickly. For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
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I'm going for number 1 this time but number 2 and number 3 are for the long term.
Yeah, medium term at least. If we talk about day trading they are completely useless. But you can also do medium-term trading. Buy now to sell in a year and a half or so. Assuming that the behaviour of the price of bitcoin through the cycles is repeated in this one you will make a good profit, although probably nowhere near a profit like the first cycles.
It all boils down to market sentiment. Mostly it's not even the decreased supply distribution through the halving that causes market upticks — it's mostly the fact that people think they need to invest more money in the asset due to decreased bitcoin units being distributed. It's mostly only narratives in the short-mid term.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
When you use your money to trade or invest, you must be clear about risk. If it is a money from loan, risk is bigger. You will have pressure from loan expiration, loan repayment and loan interest. You sometimes will not be able to control when you close your positions. If loan expiration comes and you don't have good plan, you will have to exit your positions with loss even you don't want to close them.For me, the three most significant factors are as follows:
1. Bitcoin halving.
Bitcoin halving is big event in cryptocurrency market but it does not bring profit to all investors and can not help all projects grow in value. Altcoin projects must be built up by altcoin developers and it has nothing related to Bitcoin halving.
I'm going for number 1 this time but number 2 and number 3 are for the long term.
We all know the Bitcoin block halving is fast approaching and past actions of every block halving we experience a pump on Bitcoin before the event not during or after.
We all know the Bitcoin block halving is fast approaching and past actions of every block halving we experience a pump on Bitcoin before the event not during or after.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
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