Bitcoin Forum

Hi All,

As Bitcoin price continues higher after pausing for several days. IS it good time to buy and sell/ do trade?

Thank you
CryptoJeweler

You can basically trade at any price. I am not really a trader myself, but when I do trade I do it on days where the price is moving up and down by like 5-10% several times a day. The price doesn't really matter.

It is always a good time to trade in bitcoins. I've been trading since 6 months and I sell my bitcoins for 10% above the market rate which earns me a profit irrespective of the price. Yesterday I bought BTC when the price was 415 and now it's 426. You just need to invest an amount that can earn you enough profit like 0.25-0.5 BTC.

I am buying small quantities every month for the last year.
I see it like a pension fund..   :D

Hi Erikalui,

Nice feedback, and can you please update what factors keep in mind during investing? Any recommended guidelines?

Thank you
CryptoJeweler

Just balance the load,30/30/40 rule and adjust as you see fit.
30% locked in buying under the current price at a set amount you define as reasonable profit.
30% locked in selling over the current price at a set amount you define.
40% in case the price swings so crazy you can take advantage of it dropping or rising.

It's always good to trade with Bitcoin, especially if you look for longterm investment, you can buy bitcoins nowadays and hold it till the next halving at least and then sell it for a good profit, it's expected that Bitcoin's price is going higher

How do you do that? I mean who and why would someone buy 10% above the market price? Are you selling for cash, because that's the only reason I would think someone would pay more than the original price since it offers anonymity.

5 month pennant broke upwards confirming a bull market w/ the halving knocking on the door. Hold/buy w/ moon incoming, don't trade this unless you want to be caught on the losing end of the upcoming candlesticks.

every day are good time to trade BTC if you can take any advantages from that although the price is moving with very slowly but currently is not late to trade BTC also today i saw that bitcoin prices seems increased and i wish this is only just the beginning

Yes i think it's time to trade with Bitcoinj because the price is already rising and we expect it will increase more after the halving

Trading bitcoins is not an easy task you need to have a lots of skill to do profitable trading.

Hi Nejibens,

Do you have any experience of trading during the duration when btc price is on rise?

Thank you
CryptoJeweler

thats true but you also might be just really lucky and start earning a lot of money with it in no time

also i think its not a good time to trade when the price is going up, if the price is fluctuating a lot then you should buy

well if the price is actually growing it will most probably drop a lot after some time and you wont make any bigger money

in my opinion its better thing to buy after a big drop as the price usually bounces back after a fall

yeah and im sure after this there will be more drop before halving happens, i will buy more and more now as the price is still rising now.

Regardless of the halving event or not.

You gotta know your own # to settle, thats if youre talking about trading.. but if youre not trading then youre in the boat of its okay there is no price that pushes to that higher #.

As most people should have a plan, I hope you do have one incase if there is a price difference loss.

Trading will happen always but currently i think that buying and selling bitcoin through altcoins is good because the price changes and the exchange rate increases when the bitcoin price crashes. If you trade only bitcoin then it is the time to buy not to sell.

I think that almost always it is a good moment to trade with btc. It has enough volatility, with price going up and down at least 1-3 dollars every day, which allows for profit (buying at an ammount and selling 1-2 dollars higher for example)

Wouldn't logic dictate that you did the inverse? ... The old "buy low sell high?"

The best advice i'd give to a trader is not to take trading advice from anyone... and if you're dead set on trading, don't fall into the trap of "day trading." Look to exploit longer-term opportunities rather than reacting to every up tick of price movement

If people is waiting longer than there will be a possibility that you can earn a lot of money with it and that can be only nice if you have the patience for it.
But trading will be only good if you are for sure that you can make a lot of money with it and that can be also indeed risky.