As we are knocking on 10k again and again, I would like to use my Bitcoin to put it into long position to earn more from when the Bitcoin goes up. My train of thought is this: I bought Bitcoin to earn in the longrun because I believe after the bubble burst, it can slowly move upwards again, and from that movement I want to profit as much as possible.
Now I don't have that much experience with Bitcoin brokers, but can you share which one you use, and what kind of fees they take away from your positions, as if you hold your position over night, spread, etc. I am looking for the "cheapest" long trade I can possibly find
Now I don't have that much experience with Bitcoin brokers, but can you share which one you use, and what kind of fees they take away from your positions, as if you hold your position over night, spread, etc. I am looking for the "cheapest" long trade I can possibly find
Yeah it's near to or over 10k recently and after at the peak at around 10k slightly plus, it's getting down again to 9.5k. And it will be even down more and more till it drops to at around 7k per coin. And after a while it will start going up again then near to 10k again.
that's the pattern of Bitcoin price movement for the last half of this year. What you spot Bitcoin is at 10k JUST at the moment doesn't mean Bitcoin will go up crazily like the last year.
Because it will sure go down for 90% sure, repeatedly spoken. People get to sense Bitcoin price is always get onto downside when it's reached or near to around 9k or slightly more and they always start selling all out. And that causes the whole market cap to get downsizing and ends up being too short of capitalization to keep up such the prices like 10k.
So it's getting down again to below 9k, 8k, 7k etc. Then around 7k, Bitcoin prices is starting to go up coz investors know the price will go up soon and there will be at least 10% to 20% margin that would be made in next a few weeks.
I wouldn't agree it's a good timing to go for long term investment in Bitcoin now according to the circumstances that're happening now. Rather, you would better more consider short term investment like HIT & RUN using that price movement pattern. OR better look at other alt coins with potential like Tron, Aelf and some few more others.
You will see what I mean if you get more familiar with the certain pattern of Bitcoin and other crypto coin price movement.
By the way if you want to take a reference about crypto exchange platforms, have a look at this,
this will help you a bit to learn about what are the world largest Crypto Coin exchanges/trading sites: https://livemoneyonline.com/best-crypto-exchanges-largest/
Speaking of trading fees, most of crypto trading sites have low prices like below then 0.3% or even 0.1% in general. So not a crucial thing you have to worry about before getting down.
