Topic: Seeking advice for best BTC strategy - page 4. (Read 861 times)

This I believe. It's always about taking risk since bitcoin is volatile therefore its price will change overtime. What OP mentioned is already a strategy where selling when it's price is up or pump as op said and buy when many people dump their bitcoin. If he doesn't want to wait for bear market then I would also recommend the DCA method until the goal or amount of crypto is accumulated. There's always some people who think that there's such thing as "sure thing" when there isn't.

Selling during the bull and buying the dip is the strategy most investors practice, aside the 4 years cycle you can’t accomplish this goal perfectly except you want to trade your investment. Don’t sell everything, the common fear is you might never meet bitcoin price range as previous cycle indicate. No one can predict the market correctly, anytime you feel you’ve reached the target set and you’ve gotten the desired profit selling can be considered secondly the market might not be in your favour at the moment so in this situation what should you do? Why not wait sincerely no one wants to sell in loss.

The safest strategy when investing in Bitcoin is to buy the first cryptocurrency when possible and sell it only when necessary, when there is a very high need for fiat funds. Bitcoin is a deflationary currency with a limited supply, so the price of Bitcoin increases in the long term.

As for the four-year cycles, partly related to the halving and partly related to the US presidential election, we do not know if this pattern will continue in the future. Perhaps the four-year cycles will turn into, for example, seven-year cycles.

Personally, in the current bull cycle, I use the following benchmarks - I do not think the price of Bitcoin will exceed $ 328,000, but I will be very surprised if the price does not eventually reach the level of $ 210,000. Which of the two scenarios will come true, I do not know yet.

Or maybe I am wrong and my picture of the world is not correct...

So if there was a safe strategy that would allow you to always sell at pumps and buying at dumps why are there people who lose money? What you are looking for simply doesn't exist, it's easy to say but very difficult to achieve. Let's say that you sell during a pump, you have no way to predict whether that pump will keep happening or not, same with the dip, it could go down $1k or maybe $5k, you could be waiting for a bigger dump that could never occur, or that maybe it could take months and months.

@op, I do not know of your investment goals wether you are investing for short term gains or not. But if you are so unsure of what strategy to use, just buy and hodl. Many of us started investing by hodling for a very long time. With this your poor knowledge of investing, you are likely going to regret your decision to buy when price dips and sell when the price pumps. This is because chances are high that you would sell at the wrong time either due to anxiety or impatience and this would affect your profitability greatly.

Bitcoin has its unofficial power to dump altcoins and altcoins can not do anything against its effect from Bitcoin. 

Time the market, find the bottom and perfectionize entry are very difficult. Most traders can not do it, and I would like to change myself from a day trader with targets of doing these things, to be a long term investors. I learned that it is reallly hard from my experience and no longer want to challenge myself, waste my time for things that I failed to do many times.

It's hard to predict market price and time it correctly, but understand about market psychological cycle can help.
Psychology of market cycles.

It is obviously impossible to know in advance when it will dump or pump. However, the declining quality of this forum board can be accurately predicted; it will fall further over time. Therefore, I suggest you to short that.

@OP, in my opinion, if you are still a newbie into Bitcoin and not fully experienced with price movement and volatility of the market, it's better you just buy Bitcoin and hold for a long term investment. Before you can start making profit from Bitcoin daily price movement, you actually need to have a good knowledge about trading, that's when you can understand how the market is moving.

I believe the 4 years circle you are talking about is the halving period which usually give rise to the bull season, there's no way the circle will not repeat. We still have more halving to happen. So, if you are holding, you will still make profit.

The best strategy is simply to be a long term holder. Buy when the market is bearish, hodl and sell when it's bullish. By so doing, the chances of you running into loss is zero and you will certainly be in profit when you sell your bag.

The other strategy is trading. It's very risky and I wouldn't advise it especially if you're not savvy in trading. One little miscalculation and you could run into loss. So choose wisely.

Well since bitcoin is not a pump and dump garbage, you are out of luck and can't do any of that

But if you want to become a day trader who is selling on peaks of each rise and then buys back in the corrections then you have a very long road ahead of you because this type of trading is not easy and it has risks. You need a lot of work to gain experience in order to be able to read the market correctly and make the best decision in different situations that are unpredictable.
None of it is easy to explain though. It is valuable experience that can only be gained by actually doing trading for a long time!

This is exactly what I keep telling most people about buying low and selling high, for me there is never a perfect price for any of this, imagining someone who sold at $100k would have thought that’s the best price for last year but bitcoin still pumped above it. Or someone who didn’t but at $92k because they think the correction will take the price below $90k mark thereby missing a great opportunity to buy. Just have a realistic price target for buying and selling and make sure you hodl on for long because even this price target do take longer to trigger.

For total newbies the safest option is DCA whenever you have funds, hodl for very long time, take profits when you see them and wish to take, avoid setting unrealistic price targets like bitcoin doing a 10x in one bull run

If you can buy low, sell high, you will get profit and it's good, not bad.

In a bull market, chances for buying low and selling high are a lot, but I understand your post about risk of failing to time the market. It's true, but if you don't target too high exit price, you will have good chance enough to take profit.

Generally, DCA is a good strategy and it's more helpful for long term investors who are less affected by short term price changes, in either bull or bear market. DCA strategy can help long term investors to average their entry price, and it gets benefit from long term bullish trend of Bitcoin.

https://charts.bitbo.io/yearly-candles/

Unfortunately this year is bull season, so it's not really a good time to buy Bitcoin, instead it's time to sell.

You can buy Bitcoin in the next year, it's bear season.

If you not believing in 4 years cycle pattern, I don't think there's a best way to buy Bitcoin at the bottom and sell Bitcoin at the top because in trading, you're predicting the price in short term, not long term.

You can hope that 4 years cycle still follow Bitcoin journey. Otherwise, you can use the buy low and sell high method so you can get the profit many times. But that will not easy because you need to have skills to analyze the price movements. But you can use DCA methods that you can apply for anytime so you can buy Bitcoin constantly until the time to stop is end.

We don't know if 4 years cycle will be there or not in the future. We can only try to accumulate more and more Bitcoin using DCA method. But if you are still worry if 4 years not there anymore, you can use buy low and sell high as I said. So when the situation is not good, you can stop what you do and save your money.

Your account is from 2017 and you're asking about this now?! I find this somewhat strange, however, I will answer, although I'd expect you know all this:

You need proper trading experience for this, you need to know how to properly set up stop loss, you need to know how big pumps and how big dumps to take into account for your steps.
If this would be an easy thing with clear rules, nobody would lose in trading - no matter it's crypto, or stocks, or forex. But there are no clear rules.
This being said you can learn about trading or you can choose the safe strategy: HODL. Or you can choose something in the middle: use only the 4 years cycle, DCA/buy in crypto winter and sell in bull run. But since you are questioning the 4 years cycle, I guess that this will not work, especially as your account has - in theory - witnessed 2 cycles already.

theoretically and considering the ideal way most persons look at selling of one's bitcoin, the plan is always to buy low and sell high and practically if you can just buy low and comfortably sell high, that definitely is the best strategy one can adopt but when you consider that you are dealing with a volatile asset like bitcoin that can be really unpredictable, buying low and selling high isn't always as feasible as it looks.

the strategy that works really well regardless of the rate of volatility of bitcoin is buying for the long term and leave it without rushing to sell when you are in slight profit. bitcoin rate of volatility is not always too fast and so it might take a very long time before a bitcoin investment of say an $100 can do a three times profit over the short term. you just have to position your mind in such a way that you are sure that you are not investing to take profit for the short term and that will help you stay patient enough to remain invested for the long term. doing long term investment will also demand that you make use of the DCA method since you would want to get enough bitcoin stack that will place you at a good profit when the market gets a bit favorable for you.

there are a lot of proven strategy that works for different people based on how efficient you are able to implement it and how adaptive you can be based on the different market condition but at the end, you have to do what works for you and see that you are not losing in your investment.

You can not talk about future, that is uncertain and unpredictable with all of us. About selling strategy or taking profit strategy, it relates to your approach like a long term investment or only short term speculation. With different approaches for entries, you will have different exit strategies.

If you are going long term with Bitcoin, consider this strategy for your Bitcoin withdrawal.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

Bitcoin is best to be a long-term investment that you should build and grow overtime for your future, and it shouldn't be seen as what you buy and take profit every four years. This is because you will not benefit from the compounding effect of bitcoin overtime. Another thing is that you will not be able to have a good amount of bitcoin in future when the price will be very expensive, because you are after buying and selling for small dollar profit in every circle. Don't be a low coiner in future and regret your actions. Bitcoin is the future game changer.

I recommend to you reading this thread by @JayJuanGee: JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance).

And I would like to spend an intimate evening with Scarlet Johansson. Chances of you and me getting what we want is about the same (or maybe I even have a better chance). 

Joke aside, forget about this "buy low sell high" thing because in the vast majority of cases you will end up doing the opposite, resulting in you having less bitcoin than you initially had.


You can't be sure, there is no guarantee that bitcoin price will go up. Much bigger problem is that you probably won't be patient enough and will start panicing..