When is the best time to trade a Bitcoin - page 7.

TheUltraElite

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Quote from: Bright0515 on February 07, 2024, 03:49:22 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?

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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.

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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.

Sorryfor

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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.

hd49728

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Quote from: Bright0515 on February 07, 2024, 03:49:22 PM

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.

When people do something without due diligent research, without knowledge and plan, it's gambling. Bitcoin can be consider as gambling for you or anyone who buy Bitcoin with aforementioned 'withouts'.

For other people who actually spent time to learn, digest information and built up their investment plan or trading plan, they are not gambling. They can succeed or fail with their plans but it's not gambling.

Quote from: redsun114 on February 16, 2024, 10:39:22 AM

So, it depends on when you buy and whether you have enough patience so that you don't panic and sell your assets when you see the price going down just a little bit. It's definitely not like a sports bet where you don't have a choice of holding and stuff and the results are unchangeable.

Consider Bitcoin as an investment asset, let's apply.

"Being greedy when others are fearful and being fearful when others are greedy" as Warren Buffet advised us to do in in traditional investment.

Quote from: vs2014 on February 16, 2024, 12:30:17 PM

Patience is very important in Bitcoin because if the price drops a little and you lose patience and sell immediately you can lose a large part of the profit. Also the thing is if you feel more weak about trading then just create target from hold. Depending on your personal business plan plan your upside can be loss and profit. So if you are disappointed by the market situation you will be unsuccessful so try to catch the best time.

Patience is necessary for success in investment but it's not enough.

It must come together with knowledge about market cycles from price to psychology. Without it, you can hold your bitcoins for like two years but will exit it before a next halving and next bull run.

The psychology of market cycles

vs2014

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First of all we should know that bitcoin is not stable so its price can happen at any time. Patience is very important in Bitcoin because if the price drops a little and you lose patience and sell immediately you can lose a large part of the profit. Also the thing is if you feel more weak about trading then just create target from hold. Depending on your personal business plan plan your upside can be loss and profit. So if you are disappointed by the market situation you will be unsuccessful so try to catch the best time.

redsun114

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Quote from: Bright0515 on February 07, 2024, 03:49:22 PM

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.

Sorry to say this, but your observation is way off and that is not how Bitcoin is. When you talk about a football game or any sports game where you make a bet, the game tends to get over in a very short time, mostly within 5 hours or so, and then you have the result that is either in your favour or against it, but when we talk about Bitcoin and investments in it, you don't get a result in a short period and even if the price goes down after you buy, it eventually goes up and you don't lose money as long as you are patient and holding.

So, it depends on when you buy and whether you have enough patience so that you don't panic and sell your assets when you see the price going down just a little bit. It's definitely not like a sports bet where you don't have a choice of holding and stuff and the results are unchangeable.

Mame89

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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.

Baki202

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Quote from: Nrcewker on February 11, 2024, 12:35:21 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.

there logics used for does that trade so if they decide to spot trade and get there profit then it is is not a bad idea at all, i don't think trading bitcoin for other altcoin are not important and i feel is a waste of money for some people but from the volumes and other records altcoins have given some people fortune and not just any how altcoin but good altcoin's like bnb eth, and others, since is not everybody that can afford a full bitcoin, and the profit is in the hands of the quantity, that i one of the reasons people are going for altcoin because the profit they will make.

Quote from: wxa7115 on February 13, 2024, 07:36:41 PM

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.

Exactly I don't think I will be a fan of holding I will prefer to trade than to hold holding takes years to make money but when I do spot anytime I trade and I make profit we can go again even if it is risky we can set boundaries and leverages just to be on a safer side, its more better for me than waiting for ages for a bull run to pick up before I can make profit out of my investment. just very few people will invest in bitcoin why said so not everyone that have interest in bitcoin will succeed in it and that is why it is not for everyone so if your serious know what step to take.

Vaculin

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I don't know what is the perfect time to trade as I trade depending on the market condition. But I often trade during weekends, day or night, anytime as long as I have enough time. Choose the time we think we are comfortable but we don't make this a factor that contributes to success in trading, it is our strategies. It doesn't matter if we trade during daytime or nighttime as long as we feel comfortable that time because there is no market pattern that shows this is the best time and this is not. If it finds working, then keep the momentum.

wxa7115

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Quote from: Nrcewker on February 11, 2024, 12:35:21 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.

Huppercase

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Quote from: Bright0515 on February 07, 2024, 03:49:22 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.

It's wrong to make this kind of analogy on Bitcoin. Bitcoin involves risk but please Bitcoin is not related to gambling. When you gamble, you either win or loss but most likely you will even lose but trading Bitcoin is different, you either make profit or you make loss but the profit is guaranteed if you have patience and the loss can be minimal in the sense that even if you make loss, it's going to be unrealized loss which meams that you have the chance to hold until price comes back to gain the money you have loss, the key thing here is patience.

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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

This assumption is also wrong, you can't trade like this for long time. This your observation might be true but it can only be for sometimes, when the metrics changes, that thing you are looking as afternoon dump and night pump will reverse and you will be caught in between the devils claws.

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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.

There is no special time to buy bitcoin if you understand the market, you can literally but bitcoin when everyone is sleeping and sell in the afternoon because you are the one that think people are sleeping, bitcoin is global and because your country is in the night doesn't mean others are in the night, there is time variance between countries.

Tomcolor

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I have lost a lot of money trading such excitement so in my opinion bitcoin investment is the best ever and bitcoin is the best as it promises to return profits. Trading can frustrate you if you are brand new to it. But in most cases bitcoin investors get good profits by holding. According to me you can buy bitcoin before bullish and fill potek and get good profit.

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Quote from: AakZaki on February 08, 2024, 02:16:45 PM

I don't trade Bitcoin in the short term, only buy when the price DIPs to add assets and increase profits when the price starts to rise. Besides, my Bitcoin target is still quite far away, it hasn't touched the final ATH yet. It should at least touch a new ATH in the $100k price area and I will wait for that price, while waiting to buy gradually. Short-term trading is only for potential altcoins with high volume and volatility.

A final All-Time-High may only happen once all Bitcoin's supply have been mined and you are right that it was still far away. We may not even be here anymore when it happens, so I wouldn't wait for that. However, if you are also deciding to sell at $100k, I think you won't be waiting for too long, since many expects that it will happen later this year.

We can be wrong with that though but if not this year, it may occur for real next year or two. That won't still be a long wait I guess? Especially if you don't focus too much on it. Short-term trading on the other hand are not only for those coins but also for those people who are skilful enough.

Nrcewker

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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.

lombok

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The right time to trade Bitcoin is when we have enough money, try to look at the schedule for announcements of economic developments because if we trade before or when an announcement is taking place, Bitcoin will be very volatile and the direction of movement will not be clear, which will cause losses.

Ricardo11

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Bitcoins are being bought and traded all over the world all the time. It has nothing to do with day and night, Bitcoin is not that easy, if it was then everyone would buy during the day and sell late at night and no one would be poor. I don't know what you thought and discovered that, (Bitcoin depreciates most of the time during the day). However you also said that (Bitcoin is like gambling on football), but listen Bitcoin can never be compared to gambling, you can compare trading to gambling because trading is as risky as gambling. Not Bitcoin.

Lukmanfirdaus1

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hallo world ^_^

Quote from: Bright0515 on February 07, 2024, 03:49:22 PM

When is the best time to trade a Bitcoin

whenever you are ready, today, this hour, this second you can.

Quote from: Bright0515 on February 07, 2024, 03:49:22 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.

Of course, being one of the many hodlers I feel proud to be able to join the community and be able to hodl Bitcoin for the long term. I don't really care about rising and falling prices because I always accumulate my bitcoins, which means I keep buying and buying. I don't see the BTC to Dollar pair, but what I see is that my Bitcoin number is increasing.

Quote from: Bright0515 on February 07, 2024, 03:49:22 PM

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.

not for me bro, because I save it for the long term, current price fluctuations have no effect on me.

Hamza2424

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First of all, OP having Bitcoin is not at all a big achievement because anyone can have it from 0.0001 or even lower amount to XY amount. Having a decent amount of bitcoin is a big achievement. At the same time OP why are you trying to compare the concept of open market trade with Gambling, the price appreciation and depreciation have nothing to do with gambling, and that is a basic fact. The price movement is purely based on the supply and demand and supply and demand in the open market flows with the developments happening in the market.

Also, Bitcoin has no specific movement pattern in any cycle as I said earlier it's all purely based on the Supply and demand in the market. Also, try to explore more about Bitcoin I'm sure if you honestly dedicate your thread replies maximum of your misconceptions about Bitcoin will get settled here.

Franctoshi

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The Bitcoin market is traded 24/7 unlike the forex market that is trade 5 days a week Mon-Fri and is closed on Saturday and Sunday, However, since Bitcoin in also traded in the forex market, I kind of think we would have more market volatility during when the forex market is open because there will be more liquidity in the market during this period of market open than we would likely have during the weekend.

el kaka22

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That depends on where you look at it, but there are bull periods which should be the best time to invest, obviously. That doesn't mean that you shouldn't invest in any other time, but it is definitely not a difficult period to make money. Look at the last 2 days or so, it has gone to 47k+ right? That means if you were trading during that time, you would have made money. You do not have to know it before hand, you just need to start trading meanwhile and you would make some money.

I think it's quite important to make some good income with it, and that should very well be the most important part. I believe that it is going to take some time, but it will not be all that impossible to see it change, we need to just focus on the ups.

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Bitcoin price chart between day and night, which zone are you in? So what about other time zones does that apply?
has nothing to do with time zones and price charts, because what regulates prices is between demand & sales, so there is no connection between day and night, the right moment to trade bitcoin is when you find the right set up and the market will be bullish

Topic: When is the best time to trade a Bitcoin - page 7. (Read 1789 times)