When is the best time to trade a Bitcoin - page 2.

SquirrelJulietGarden

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Quote from: bettercrypto on March 23, 2024, 02:04:56 PM

Of course it is good to do bitcoin trading if from the downtrend you see that it will have a reversal which is a good right time to buy at the break out then just hold because it is still an uptrend.

Trading when the market falls down, has corrections is both advantageous and disadvantageous. If it is in a bull market generally it is very good, we call it as "Buying dips" and price will make higher highs because of an on going bull market.

If, oppositely, it is a bear market, it is disadvantageous if after buying, you don't close your positions and stick with your plan. The bear market will force price to fall down more, deeper and you will get profit.

It can still hep you to gain profit if you hold but here we are discussing about trading, so buying a falling knife in a bear market, is risky.

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Quote from: Bright0515 on February 07, 2024, 04:49:22 PM

Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.
Now I observed that Bitcoin is like a gamble of football game whereby you go to the bet shop book your bet and wait for what will come sometimes you win sometimes fear can make you cash out after your cash out you may be lucky and sometimes you might lose something you would have gotten if you had waited.

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it
I just discovered that Bitcoin most times depreciates in day time but when it gets to late hours at night it increases its exchange value I don't know if anyone has this observation as well

So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.

The best time to trade bitcoin is every moment but for those who have good experience in tradng, always trading is best because they can train from any market and make money. Those who don't have much experience in the trading platform but can't earn more money from the trading platform will suffer in their trading. Becoming a professional trader takes a lot of time, but if a person is likely to become a professional trader, he can become a profitable trader with a few weeks of hard work. But the most important thing in the trading platform is that there are some strategies to adopt. If a person can adopt the trading strategy, then he will definitely benefit from the trading. But I think the most important strategy of trading platform is to avoid excessive greed. Those who can gain extra greed in trading platform and train patiently can make money trading any coin from any market because trading is always suitable for them.

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Of course it is good to do bitcoin trading if from the downtrend you see that it will have a reversal which is a good right time to buy at the break out then just hold because it is still an uptrend.

This is just the usual things that traders do who have an understanding of that matter as an individual trader in the crypto trading industry that we live in, then when they see a new trend that is still on the downside, sell is the only thing to do. simple.

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For me, I think there are two styles of Bitcoin trading. The first is day trading. The best time for day trading, I believe, is during an uptrend because the price fluctuates clearly every hour, every day. This allows traders to capture short-term profits quickly. The other style is buying low and selling high. The best time to buy is during a downtrend because that is when the price is at its lowest.

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You are right whoever owns bitcoin now might be very lucky because those who bought bitcoin when it was down are certainly very lucky the current bitcoin market is moving very high so they are doing very well. But the correct rule of thumb for buying bitcoins is that when the market is down, if we can buy bitcoins, we will gain a lot through it, but when we see the market rise, if we want to buy bitcoins, then it can be seen that the losses are more than the profits. But in case of buying bitcoins you must check the market you have to buy bitcoins by monitoring the market.

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Watch your pockets carefully too. You have to know when your best time to buy is when you've got your money going to the market again.

Quote from: Fuso.hp on March 22, 2024, 11:56:30 PM

Usually you don't have to wait for a long time in trading, rather you can make a trading decision after a few hours of market change.

Yeah, trading decisions varies and it can be at this time or later or by tomorrow. As long as you see the changes or the market moves according to your trading plan, then trade or do what you have to do.

Fuso.hp

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If you want to trade in Bitcoin, you can trade in the market anytime you want, in this case you only need to understand the market and take trades by observing the candles at the time you will trade. Usually you don't have to wait for a long time in trading, rather you can make a trading decision after a few hours of market change. Trading Bitcoin is much safer for money than other coins if you can buy Bitcoin properly then you can make profit trading Bitcoin anytime. First of all you need to have enough knowledge about trading and spend enough time to observe how the market is moving and chart. After spending enough time you take a trade at one stage and sell it when there is some growth and then wait again to take another trade.

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I think they bought it in 2023. They are currently earning good training because currently. I think the perfect time to buy bitcoins is when the price of bitcoin is limited or very low or if you hold it when the price goes up and then you leave it when the price goes up then your profit and chances are high. In that case, you have to invest wisely because you don't notice when bitcoin price increases or decreases. You stay in the market, watch the market market in the market, in the market you can keep bitcoin when it decreases. But at present stage it looks like the price of Bitcoin will increase further so let's see how much it will increase in the future. But one thing you need to keep in mind is that when the price of Bitcoin goes up and down you need to market.

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Quote from: wxa7115 on February 13, 2024, 08:36:41 PM

Quote from: Nrcewker on February 11, 2024, 01:35:21 PM

Don’t trade your Bitcoins. Bitcoins aren’t for trading I would say. Don’t trade Bitcoins for other cheap altcoins. Bitcoins are very valuable and rare. The reason I am saying this is because, Bitcoins are limited in numbers. That is no more Bitcoins can be created or destroyed, hence it’s ideal to keep as many Bitcoins as we can. In my opinion Bitcoins are good for investment. Use USDT for trading and making profits.

If you know what you are doing, you can trade bitcoin and make more of it, something that an investor cannot do as even if the value of bitcoin in terms of fiat went up, you will still hold the same amount of bitcoin.

However the number of people hoping to become traders which actually know what they are doing are very limited, which is why we often recommend people to become investors instead, since they will not only not get more coins during this process, but instead they will lose them.

Trading is harder and more risky compared to investing itself. This is one of the reasons why only few have managed to succeed in trading most particularly if you trade in a volatile market. Although this brings quick and bigger profits, but without knowledge and skills in trading, this could also be the fastest option to lose all your funds. That is why majority still end up settling in investing and hodling, as they can still be in massive profits if they are patient to wait for the perfect time to sell.

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Quote from: Peanutswar on March 08, 2024, 11:23:30 AM

It depends on your objective, if you are a long-term trader just use the DCA strategy to accumulate bitcoin and if you think you have already gained profit you can pull it out once it touch its all-time high but if you are an active trader and have a time you can go for a daily trades which ride in the market volatility, the market will not adjust with your time, crypto is volatile so you can make a quick profit through scalping. With this bullrun run most of the people get as possible so they can have enough funds before the halving comes.

Of course, this really depends on a person's goal to gain profit from owning Bitcoin and for those who choose to hold it for a long period of time, they can use the DCA method to collect Bitcoin and this strategy is quite easy for anyone to do and they will be able to do it. get a profit when the price increases from when they bought it and if you do daily trading of course this will be very difficult to do so, you need to spend a lot of time to be able to get profits from daily trading.

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Quote from: Peanutswar on March 08, 2024, 11:23:30 AM

It depends on your objective, if you are a long-term trader just use the DCA strategy to accumulate bitcoin and if you think you have already gained profit you can pull it out once it touch its all-time high but if you are an active trader and have a time you can go for a daily trades which ride in the market volatility, the market will not adjust with your time, crypto is volatile so you can make a quick profit through scalping. With this bullrun run most of the people get as possible so they can have enough funds before the halving comes.

For long term investment they will accumulate when bitcoin going dump but for short term trading keep priority for selling after raising gained profit based on how much percentage of target. In the bullrun moment we can take opportunity faster to earn profit trough bitcoin trading how price volatility with up and down faster give us moment take profit few percent without holding for long term. But if want make bitcoin as long term investment assets need patience awhile when bull run moment and buy back later after get large correction moment.
Not mistake with short term or long term trading in bitcoin, if some one want to earn faster profitable will make bitcoin as scalping but for long term will hold it until raise up the limitation profit target.

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Quote from: Mame89 on February 14, 2024, 05:08:42 PM

Personally, I don't trade Bitcoin in the short term because Bitcoin is not suitable for trading, but it is suitable for long-term investment. And there is no wrong time to invest in bitcoin, all times are the right time to buy bitcoin, especially when we are facing bitcoin halving, bitcoin's target reaches a new ATH, and this is still very far away.
So don't waste the opportunity to make a profit by investing in bitcoin because bitcoin is predicted to touch a new ATH in the $100k price range. Now is a great time to buy bitcoin while continuing to use the DCA strategy. For the short term, I only trade altcoins that have fundamentals at least in the top 5 altcoins on CMC.

You are right by saying that Bitcoin is only meant for long term trading. There are people who do short term trading but one has to figure out whether he can survive short term trading or not. Even experienced people find it hard to handle the wild fire of day trading. While anyone who go for long term trading is bound to get success, it's evident from past data of Bitcoin. If you have decided for long term investment then there is no best way to gather Bitcoins other then DCA.

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Quote from: Cryptmuster on February 08, 2024, 07:01:16 AM

Quote from: Bright0515 on February 07, 2024, 04:49:22 PM

Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.
Now I observed that Bitcoin is like a gamble of football game whereby you go to the bet shop book your bet and wait for what will come sometimes you win sometimes fear can make you cash out after your cash out you may be lucky and sometimes you might lose something you would have gotten if you had waited.

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it
I just discovered that Bitcoin most times depreciates in day time but when it gets to late hours at night it increases its exchange value I don't know if anyone has this observation as well

So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.

Bitcoin definitely has no daytime and nighttime activity, these are some of your personal observations, perhaps some kind of temporary coincidence, or something like that. If you are looking for the best time to trade Bitcoin, then this is a certain bull market, when everything is growing, or periods of flat, when the price can move in a certain corridor for a long time, the rest of the time will be quite difficult, and day trading will be especially difficult, I assume which you are talking about.

If you are someone who used to be a FOREX/STOCKS trader then you would really be having those kind of asking questions into your mind about a specific time whereas these things are really that common
into those markets which does have opening and closing on which you could really be able to apply with those possible entry or exist into those kind of durations. Just like been said that there's no such thing about best time on trading up Bitcoin because crypto market is a 24/7 open market on which there's no specific moment or time that you could really be able to make up some pattern and considerations on taking up some
buying or selling decision or position.

This what makes that trading in crypto is really that too damn hard on which there's no way that you could really be able to determine on where prices could go. Sometimes there would really be no
sentiments that could totally affect out crypto price movements. So it would really be just that depending on how you would really be able to handle yourself
into this unpredictable space on which this is something that totally random.

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Quote from: Peanutswar on March 08, 2024, 11:23:30 AM

It depends on your objective, if you are a long-term trader just use the DCA strategy to accumulate bitcoin and if you think you have already gained profit you can pull it out once it touch its all-time high but if you are an active trader and have a time you can go for a daily trades which ride in the market volatility, the market will not adjust with your time, crypto is volatile so you can make a quick profit through scalping. With this bullrun run most of the people get as possible so they can have enough funds before the halving comes.

We can always trade the market anytime that we wants but it is always important for us to know the kind of traders that we are.
We don't need to always go into the market and trade without any thorough signal and what actually make us to want to trade.
The best time for us to trade in the market is when the price is volatile. W need to know what we are doing so that we could always make profits from the market without having to stay for days before we make any tangible profit.

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Bitcoin market is really difficult to understand. It is difficult to predict when it will rise and fall. But if you are connected with regular BTC, you can predict its market somewhat. Although there is no guarantee that the prediction will be correct. Your guess might be right. Can. But not reliable. Because each person is different when it comes to forecasting. But if you trade BTC regularly, you will learn about the market yourself.

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Quote from: Gormicsta on March 08, 2024, 08:51:39 AM

And Bitcoin tends to move more at particular times of the day.

Bitcoin markets run 24x7x365 all the year round without any stop. So this statment does not work on bitcoin, but maybe possible in other speculative markets like stocks and commodities.

Quote

These methods include holding positions over a longer period of time, such as a few days, weeks, or even months.

With the bull run happening every few years, keeping the holding time longer means better profits for everyone. Short term only leads to more losses. Bear markets run long so you have ample opportunity to buy at the low, provided you have not freaked out already.

So the best time is anytime in the bear market, in my opinion.

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It depends on your objective, if you are a long-term trader just use the DCA strategy to accumulate bitcoin and if you think you have already gained profit you can pull it out once it touch its all-time high but if you are an active trader and have a time you can go for a daily trades which ride in the market volatility, the market will not adjust with your time, crypto is volatile so you can make a quick profit through scalping. With this bullrun run most of the people get as possible so they can have enough funds before the halving comes.

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exchange Bitcoin during market open moments can be an unpredictable endeavor, with increased unpredictability and quantity of trade usually resulting in greater opportunities and risk factors. While liquidity tends to be more powerful during these times, keep in mind that prices may change fast and in unpredictable ways, so it is important to be alert. And Bitcoin tends to move more at particular times of the day. These methods include holding positions over a longer period of time, such as a few days, weeks, or even months. This enables traders to ride out short-term instability while profiting from for a long time shifts in markets. Asking the people who trade on Bitcoin can also be beneficial.

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Quote from: Bright0515 on February 07, 2024, 04:49:22 PM

Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.

What does bitcoin halving have to do with your personal business? Are you using bitcoin payments there?

Quote

Now I observed that Bitcoin is like a gamble of football game whereby you go to the bet shop book your bet and wait for what will come sometimes you win sometimes fear can make you cash out after your cash out you may be lucky and sometimes you might lose something you would have gotten if you had waited.

Bitcoin is a currency, it is not a game. Trading bitcoin carries a risk of being somewhat similar to gambling but if you consider spot trading is it much less than gambling while non-spot trading methods like leverage, futures are pure gambling.

Quote

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it
I just discovered that Bitcoin most times depreciates in day time but when it gets to late hours at night it increases its exchange value I don't know if anyone has this observation as well

You dont sleep when the entire world sleeps, you sleep when its night in your place. Roll Eyes

Its called Timezones. Rest of the text is thus wrong.

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All trading carries a lot of risk. Before you trade you must know about its working methods. Knowing how it works is also very important in trading. Because if you trade in the wrong place and at the wrong time, you will lose your money. For this you learn about trade from experienced people or in any way And you trade that amount of money that you can lose And you might be a bit overwhelmed at first but be patient. I personally know many people who initially faced good amount of loss while trading but later got good knowledge and made big money from it. They even gave tours with this money.

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