Topic: When is the best time to trade a Bitcoin (Read 1784 times)

That's is also a good approach but I guess tweaking a strategy is more than enough to make it more effective in most market conditions. However, if the strategy fails many times then it's better to go with another strategy.

I won't advice anyone to trade when market is unpredictable because it can sometimes dump very badly and recovering from such dumps might take so much time. I know it's okay to trade with small amount during such times but it's still better to not trade in such market conditions.

As a trader, you are not supposed to have just one strategy because it’s not always going to work for you forever. The condition of the market at that particular time is supposed to determine the strategy that you will be using at that moment, and when trading, you shouldn’t get tired of doing research because you will need to update your strategy when you notice that you are no longer getting the expected result.

Either during the bull run or the bear market, if I notice that the strategy I am using doesn’t work well any longer, then I will check if I can improve it, and if I can’t, then I will have to change the strategy.

When the market is totally unpredictable, I do trade, just that I make use of a small amount of money, and I do make sure that I take less risk during that period of time. When things bounce back, I do go back to trading with the normal amount that I did before.

People that understand trading very well won't see the People who understand trading well may not recognize the issues, but beginners will undoubtedly find it difficult to handle. Trading is a good thing to do if you have enough money since the more you lose, the more your brain expands and you gain more understanding about it. Every day, people trade and make a profit. I am a fan of trading since it is the only thing you can do and offer you daily money if it is going well for you because most people lose on trading every day and they will not try to trade again if they lose, and trading is not something that will be favourable everyday you most lose one day that is why you most no how he work before you start. If you have a lot of money and start trading, I am confident you will double it because even if you lose, he will not surprise you since you have enough to bet when you lose, and when you win, you will undoubtedly receive your capital and profits again. The more you stake, the closer you are to gaining trading expertise and becoming the boss of it.

All effort is needed as a step to achieve good trading skills and the most important thing is not to be greedy so that we can learn gradually to gain good knowledge.
Capital also determines the level of profit and if we start from small capital then be patient to gain profits gradually with repeated trades.

The decision to trade futures is largely determined by trading skill and it is difficult to engage in it when one does not understand how to carry out such trades.
Beginners are limited to newly created accounts especially on binance that I know of and the use of leverage is also recommended on much smaller trade amount.
The goal is not to suffer much bigger losses even though there are several other choices available on the exchange.
If someone understands the pattern like you do, perhaps they will be much easier to get involved in and the beginner's habits are not yet up to that level.

Spot trading is actually much simpler for those who do not have good trading skills, although it is not advisable to engage in any trade without knowledge.

Actually, it isn't difficult but surely it requires time and effort. Those who want to learn trading should understand that it's not easy to make millions as a trader if you begin with $10 or $1000 within 1-4 years. One can make profit as a trader but that profit isn't going to be in millions unless that person already has capital of $1M or more.


In futures trading hedging can work as a great weapon if someone understands it well. However those who aren't good at hedging should avoid it. I do it with 1x leverage when I shorting and if it goes wrong then I open long positions to reduce the losses. And if the long continues to go up then I sell some of it and allow the market to dump again or I might average my short by opening another short from higher value.

I would say that in spot trading averaging is more useful than hedging but in futures trading hedging works like a charm for me. I mostly trade at spot market and only at futures market when I see huge bullish candles. Whenever the market goes up, it will again go down, and those who understand that always make profit by shorting.

I think it's difficult because even though we study seriously the process of gaining trading skills is not easy.
But if we really learn to learn it then there is definitely a way for us to get the knowledge we want.

What kind of hedging you mean is related to not exiting a trade in conditions that go in the opposite direction.
Sometimes we will see momentum to enter the market and trade with potential profits based on how we entered.
This kind of analysis is what is needed to enter the market, even though sometimes the process goes outside the strategy implemented.

The more experienced we are in trading, the more potential we have to gain profits.
But we can gain this experience if we engage in trading gradually by having a strategy that can be implemented.

You would really be able to find it for yourself on the time that you do hover yourself on making up some trading within this market on which you could really be able to assess yourself whether you
would be able to survive or not. You would really be just that basically making yourself having those kind of realizations along the way on which this is something that would really be normal.
Dealing up with this unpredictable space will really be giving out those kind of doubts and hindrance on the moment that you've seen yourself dealing with those roller coaster like kind of movement.
Best time? It would really be just that depending on you on which we know that traders would really be that different when it comes into their goals whether holding up for long term or would
be having those short term approach.

Usually the best moment on buying or trading BItcoin is on the  time that it do make out some reversal or simply making up some positioning when it do make out some correction on which you could
somewhat assure that recovery would be coming next but of course there wont really be no exact time on when it would happen. So patience would really be also playing
a crucial role on the time or moment that you do deal up with this market.

I won't say it's difficult but surely it's not for the ones with weak hands. Those who have weak hands often end up losing money in trading than making anything.

Sometimes when my trades don't work then I use hedging techniques to minimize my losses, and sometimes the hedging helps with good profits.

I would say, the more you trade the better you get at it. I'm not a full-time trader but surely I can say that trading helps me to make some money for me and my family.

There is no best time to Trade Bitcoin, you can trade it anytime of the day. Bitcoin is volatile Market of which has no session or regulation like Forex Market which makes it different and impulsive moves because it runs individually, in essence calculate your risk and trade Bitcoin when you see an opportunity with your strategy.

That's why trading is considered much more difficult because there is no one specific strategy that can be applied on a binding conceptual scale and there are times when multiple strategies can help one trade.

There are times when using any strategy does not work well because the market changes so quickly and for those who do not understand trading properly it will cause excessive panic.
Deciding to exit a trade with inappropriate market conditions will result in losses and they will be difficult to recover in subsequent trades.

It is better not to do anything when market conditions are difficult to predict because forcing trading will not produce results.
In fact, people who have good trading skills also experience losses, what about those who don't have the skills.

That's quite true, no single strategy works in all market conditions. A good trader knows that thing and that's why he/she uses multiple strategies according to the market.

A strategy that works in bull market may not work in bear market and similarly a strategy that works in bear market may not work in bull market.

I personally use more than one strategy but in most cases my first strategy works while in some market conditions I use another strategy. And, when market is totally unpredictable then I don't make any trades.

In my opinion, if you play short-term trading, it will be very difficult or even impossible to make a profit. If you buy in the morning and sell in the evening, you can be sure that your money will disappear much faster before night falls. As we know, short-term trading movements are very wild. In my opinion, if you choose the spot method, the results we want will definitely be less than satisfactory. If we choose this method to get maximum results, of course we will need a lot of time and need extra patience in holding it.

Some traders are exemptional, they can easily adapt to the market condition and we could say, they really have the skills, unlike the several traders who sometimes just rely on luck. But despite their high level of knowledge and skill, I could still think they also make losses because of the volatility of the market.

Whether to trade daily, weekly, or monthly, it is our decision. In fact, we never know when exactly is the best time to trade. The most important is to have TA before trading, a tool that helps us determine the possible action we've made and a kind of strategy we use as it varies depending on the situation. A reason why many traders fail is they believe that 1 strategy fits all market conditions which deniably does not. 

When we are involved in trading, we may actually experience panic when the price falls so sharply, but if we are aware that the price can rise again then panic can be avoided.
Different time zones but we will see the same prices, even though it's night in our place and someone else's day.
The point is that this process is not a reason why people buy or sell because usually we will see the right moment to enter the market to buy or sell.

If he just watched then there was no conclusion and perhaps waiting not to get involved at this point would be missing the best opportunity.
Although the current price of bitcoin can be purchased in large quantities because it has experienced a sharp decline, we will get much larger amounts.

Experienced Bitcoin users are I think can still panic but not often as before or when they are still a newbie. There may be some who don't panic anymore but they can still worry sometimes. For the experienced Bitcoin users, their panic can also be different, like they will only panic buy because the price have been dumping a lot suddenly and then they can panic sell because the price have pumped up unexpectedly. Yeah, some has a different time zone but I think there are times that all of us can see the same price.

As you can see, he still say to watch our Bitcoin's or the market carefully, so he knows that there is nothing easy in here.

Even though in terms of objectives and capital, it is more or less the same, namely to make a profit by using money as something that will be used as capital, but yes, in the process, these are two different activities, as you said, they are both the same, namely buying assets on the market, but in investing, especially in bitcoin, you just have to bring money and then put it consistently with long-term planning, but if we talk about trading then yes this is quite complicated, there are many things that have to be prepared first. Simply put, when you want to get involved in investment, there won't be too many things that you have to prepare apart from capital because of course investment is something that is done in the long term where the potential increase is already known, while when you are involved in trading then this is one activities carried out in the short term to gain advantage from market fluctuations, although it is possible to obtain quite large profits, of course the level of risk is also the same, meaning the risk is large. I am not saying that investment is riskless, because everything that involves the opportunity for profit will always have a certain level of risk, but if you compare it with trading, investment has a much lower risk because it is done in the long term.

The question here is how do you equate trading with investing, which in general these two things are very different, but instead you make a conclusion like that which makes me a little confused to understand. Because I always separate the money for trading from the money that I will use for investment, even though basically both are buying assets in the market. But the way it works is always different and will never be the same even though you can set goals that are not much different from these two things at a certain time.

Such philosophy is actually hard to believe depending on individuals because as we know there is not time one could invest in the morning and expect to receive a huge profits in the evening because bitcoin doesn't only goes in one directions rather it goes the both direction, meaning the up & down movement of bitcoin prices is what traders takes as profits otherwise if this not found then there is no way any could get profits from bitcoin, and over time there is a specific period were the price could keep rising at this point those who invested at the bear market could start receiving profits from their investment or holdings.

Yes, without knowledge, of course it is very difficult for someone to earn income in trading and it is very difficult to determine the right time for us to put our money into the market, and from the experience we have tried when we traded or the failures we have experienced, At least this is the basic foundation for our knowledge in trading and this experience shapes our character in analyzing the market with full accuracy and patience of course. No one is successful without going through many failures

I don't know why people think about there's proper time to trade bitcoin while the fact is and I think the ideal decision to do is to trade know if you are capable to do it. Those people wait for some time to do their trade maybe wait for the pump and dump happening in the market. If they do that provably they are just wasting some opportunity and might they may catch up on situation that bring them more risk. If they are not really prepared and having less knowledge about what they need to do. I guess much better to take a break then go back for searching new knowledge about bitcoin since for sure they can get a lot more thing needed to consider.

But if they don't want to participate on things that gives them huge risk then I guess maybe they should try to seek some information about holding bitcoin, the approach that they should do also what's best strategy to use for their accumulation.