Seeking advice for best BTC strategy - page 5.

Fiatless

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Quote from: btcethgold on January 05, 2025, 01:05:25 AM

Hello all members here.

I want advice from all veterans here as what best strategy can be for BTC selling. I want to sell at every pump and buy on every dump. How can one make sure he does not lose it.

What if 4 years cycle is not here this time.
What approach one should get here.

Thanks

Buying at every dip and selling on every pump is called Bitcoin trading. If your intention is to buy and sell Bitcoin within a short period, then you have to always monitor the market and take position. In trading, there is no guarantee that you will not lose since the price of Bitcoin is unpredictable.

But if your intention is to buy and keep it for a long time before selling, that's hodling. It will be less risky and more profitable to keep buying Bitcoin in bits and keeping it till the next bull run. The four year circle will always be here since we will always have Bitcoin halving after four years until the total Bitcoin is mined.

Ambatman

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Quote from: btcethgold on January 05, 2025, 01:05:25 AM

Hello all members here.

I want advice from all veterans here as what best strategy can be for BTC selling. I want to sell at every pump and buy on every dump. How can one make sure he does not lose it.

What if 4 years cycle is not here this time.
What approach one should get here.

Thanks

Your strategy ain't feasible because you can't really tell what's the real pump or the real dump.
This you said is just trading except you really good at it I would advice against it.
The strategy you trying to implement is one that breeds nocoiners.
Like Hatchy said, You can employ DCA and focus on a longer term of accumulation.
Trading mindset at such leads to losses because you may tend to sell when it dips than your dip
Or buy expensive when it rise than your sell.

Ziskinberg

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There’s no such thing as a "sure thing" when it comes to timing the market for buying and selling to ensure profit.
If it were that simple, the market wouldn’t be called unpredictable.

From what I’ve read in many posts here, investors often recommend the DCA method as the best way to accumulate Bitcoin. It’s a consistent strategy that could lead to possible future profits without relying on perfect timing.

Hatchy

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You already listed one of the best strategies used in Bitcoin trading. Buying the dips and hodl, where you buy low and sell high. The only challenge in this method is that most times you might sell off too early and the market continues in buy direction. It's a general cryptocurrency strategy and is usually very profitable for long-term holders. Another best strategy used in Bitcoin trading is dollar cost averaging. This method, you set a particular amount of Bitcoin that you wish to accumulate for a long time. You don't need to wait for a dip to come before you acquire Bitcoin, you just continue to buy that same amount you have decided to buy, it might be monthly or weekly or any that suits you. This way, you won't be left behind on potential profits when the market decides to buy or sell as these movements are unpredictable and it won't much be your concern.

btcethgold

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Hello all members here.

I want advice from all veterans here as what best strategy can be for BTC selling. I want to sell at every pump and buy on every dump. How can one make sure he does not lose it.

What if 4 years cycle is not here this time.
What approach one should get here.

Thanks

Topic: Seeking advice for best BTC strategy - page 5. (Read 861 times)