Bitcoin Forum

Good day, I am thinking of starting trading again.
Should I wait for the market to recover or now is
a good time to trade? what are your thoughts?

If you prefer to trade intraday (open short and long positions) then it does not matter what time to participate.

If you prefer only buy and hold then wait for the good purchase price 198-210 for ETH and 3500-5100 for BTC

The market has just dropped and btc just got from above #7350 to $7150, this means, right now one should wait to know the next direction, whether it is a further dip or a reversal, though reversal is the most likely but thing but enter with a stop loss if you wish to

Market of bitcoin itself looks very healthy to me and there should not be any delay with this. Looking at the current market altcoins which would be the opposite trading pairs for it are completely in good state of trading. Meaning, they are having the lowest values which means you can easily get them at discounted rates and after having the long term trading set up you can get things in line and trade them for higher bids when the market will rise again. I believe you should jump right into the middle and buy most of the undervalued coins right way so that you can hold them and make some bucks out of it.

If you really want to start "trading" than I would suggest trading on dollar-btc and just make sure you are holding dollar in the end and buy and sell bitcoin according to the market movements which could really help you make couple quick bucks because the movements are really short and precise.

Moreover, if you want to invest and put some of your money into something that can go up than I would suggest altcoins because they went lower than bitcoin and they will be capable of going higher easier because they went down so much. I would suggest checking something like nano because it went down so much that in the end when the market corrects itself the nano price can go x10 easily.

You can trade at anytime. Trading and hodling for long time are not the same. Get on trade, avoid mistakes of the past and particularly trade on btc pairs.

Are we really going to see price "slump" to this? I don't wish to withness this  ::)

All times are good for trading if you know what you're doing, and most probably it will always be bad if you don't  :). But, honestly I sense from your question that you are not that experienced of a trader. So, at least trade with what you can afford to lose.

If you are going to start trading with fresh investment then you no need to wait until the market gets recover just roll over into the current situation and you can make profits from your strategies.Always is a good time to start trading because the volatility is the thing needed to make money through trading and it always present in the crypto market.

It's not entirely clear what kind of trade you are interested in. Also the level of your knowledge is important. If your knowledge is insufficient, then I would recommend considering only the medium term and long term trade. Now many currencies are at the bottom, so you can choose a few from the top 20 and just wait until their price grows.
For short term trading, good knowledge and skills are already needed. An experienced trader trades under any market conditions, be it a bullish or bear market. He owns different strategies for earning and knows when and what to apply, because he already has experience.
That is why I would recommend now, first of all, to focus on training. In parallel, you can buy a few currencies for medium term and long term trading.

some intresting stuff)

You can always go to youtube, join telegram groups near your place (of course language barriers) and I think many articles on the internet are here to teach you some good trading strategy to choose from. But always remember to do your research first before doing it or you will be earning losses if you can't do it right. :) Keep that in mind. :)

If you want a challenge, you can join day trading. I think now it's bad time for day trading. The market is unstable now. You should buy for long-term hold. And you should save your tokens carefully.

If you want to start trading I suggest you to see market trend before do transactions. Market is not very good and mostly still in down trend, not good for trade. But you can use long term period to calculate stop loss and take profit area, don't use short/ medium. Long term will give you time and good psychology in this situation. Go now and good luck to you.

If you want to start trading, I advise you to look at market trends before trading. For now maybe the market is not very good and most are still in a downward trend, not good for trading as well. However, you can use the time and long term to calculate the area in stop loss and take profit, but do not use the short / medium method, and you should first ask the expert / experienced in trading.

You cannot tell when would the market recover so I recommend you to buy at the lowest price on the daily and buy it then sell it higher than your buying price so you could have profits while doing it. I think that is the best way to trade, buy low and then sell at the higher price.

if my trading strategy is the same as all of you, buy at a cheap price and sell when the price is high. but what I prioritize in trading is having to have a great sense of patience and being able to control the emotions that I am concerned about is that

if you can't make profit under ALL market conditions then you are not familiar with how trading works. and more importantly you have no idea how the altcoin market works and where the profit can be found. so no you should stay away from trading until you learn how it works. it has nothing to do with the market, even during a pumping season you can lose money if you don't know what to do! and the worst thing is that you gain false confidence during pumping season thinking you are a good trader!

I think that the best strategy is to hold coins for the long-term, now you can buy cheap coins like btc and ether which price has gone down but it will increase soon and you will earn on the difference

 Just wait until the market stabilize again pal and don't ever jump quickly to avoid risk situation.  because as you said you are a newbie wherein for sure in my view you have no enough experience and strategy how to minimize risk situation especially during red wave. So i think  as of now much better to stay away on the market and wait for the right time to ride.  

What kind of trading are you asking for?
Margin trading? Or Altcoin trading?

If Altcoin trading, you can start to buy some potential coins like zil, etc, eth, iost and/or your preferred coins. Set lower price than the market price and start trading if the price will start to hike.

As to the margin trading, you can start trading anytime. Deposit some bitcoin into it but make sure to carry some tactics and knowledge before doing so to make some profits. Indicators for example.

I think if you intend to trade, from now on it might be time to buy when you are falling, use the momentum as best you can

What kind of "recovery" do you want? Isn't this a good time to consider buying some coins with the current market trend?

You know it's really depend on how will you approach. Look, even on a bearish market, trading activity is still active meaning others can turned this unpleasant situation into an advantage. What if while waiting for that "market recovery", the expected price rise happened?

It's better to have some coins ready while waiting for that "recovery" so that no regrest on our part that we didn't do an action while the price is way cheaper. Up to you to analyzed what's the best thing you can do on the current trend.

When the market recovers, you will lose some good returns. If you dare risk and take risks, your profits will be higher than ever. You should invest now because its price is bottoming out. I believe that in November, the price of these altcoins will increase beyond imagination.

Day trading should never be for someone who is just learning or does not even have any clue about trading, which I want to believe the OP could be falling into this category for asking such questions in the first place.

Best advice I will give is for him to understand that trading is a huge profession and it is not about the time to trade that matters, but what matters the most is the knowledge you have to trade. So, in one word, never trade without learning as much as you can and then practicing to gain some confidence.

In my opinion, Binance and Okex, these are the two most popular trading places, only in the short term, the coins that are listed here will be higher.

Now is the best time to invest even you are playing short or long term investing. You can do short trading but I think its too risky for a day trading. Look at the price, its very cheap considering this technology fundamentally so for sure this market will bounce back again and short trader will make good profit.

trading strategy I buy coins that are declining prices and sell at high prices, usually I trade on ETH coins, trading on ETH coins is very fast for us to make a profit.

I think cheap prices like this are very good for trading, because we know that at a cheap price it will have the potential to get a lot of profits in trading.

 If you really want to trade and you have enough capital to start then go for it mate, never rely on others thoughts and don't mind about the current situation of market , which is just pursue your self to reach your trarget and goals whatever happens. But always bear in mind as well to trade what amount you can afford to lose to avoid regrets.  

Have you even been trading before or you once traded and you failed and then you want to come back again to try your luck? If you actually know what you are doing, you have a strategy and you know you have the confidence to trade the market, you won’t be here asking us if it is a good time for you to be trading or not.

Actually, it is a good time to trade for good and professional traders, which gives you the clue that no market is a good time to trade for those who do not have proper trading knowledge,

Get started with the swing trading if you know abpit it. Most of thr coins in their industry are now about the swings and nothing else. If you don't know what is swing trade is then let me tell you that in short. A swing is process where crypto coins tend to fluctuate a lot in their prices and most of them create a wavy pattern. This wavy pattern is mostly followed by ups and downs in the initial price and it happens quickly in short period of time. Some of them will have the tendency to fluctuate many times in a day or over couple of days also. All you have to do is keep track of such movements and quickly buy and sell as it moves. You can make hell of a profits lile that

If you only aim to find quick profits from the movement of Bitcoin prices in the short term, then you will see some strategies shared in new posts as the basics of bitcoin trading. In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners especially Bitcoiner Idealis are often confused about having to collect Bitcoin or even pursue profit in selling Bitcoin. Find the best source of information on the crypto currency exchange for the most interesting and reliable analysis of bitcoin trading by traders such as the crypto market, please learn here about the crypto currency exchange

BTC/USD is way to go indeed but that is if the bear market is over, sadly its not. You're going to have to struggle when you want to profit in this bear market because even those who just want to hold their tokens are already leaving crypto. I myself are gradually trading back in forex market because at least there we can use a proper indicator unlike here.

If you really looking to rejoining in trading. I prefer Bitcoin only because most of the altcoins are good to invest in this moment but we don't expect the stable value of altcoins but Bitcoin is already reached in the dip so we can participate in this platform you will earn more profit in soon.

The best places to trade today are Binance, Okex, Hitbtc ... etc. These places are quite good to me, I trust their safety, with almost now there are quite a lot of places to trade them. I do not know where to find good hard to find

It's good to start trading now, especially when the price of the altcoins is down now with the bitcoin so you can now afford 1ethereum if you ready to start in trading hold it.

Most of the trading strategies were depending on how the price declined to a much cheaper value. Given that opportunity other interested buyers were more aggressive to buy at a lower price in the marketplace. That's their only way to benefit from the chances of holding cheaper price coin investments, than to buy expensive crypto because there's a fear of losing it due to volatility of cryptocurrency.

Why would you wait for the market to recover and invest? Thats contrary to what you should do. You should buy coins when the market is dump then wait for it to grow higher. Every dump is an opportunity and thats a strategy i want you to have. The market is consecutively moving and take advantage on it.

Currently there are many different trading floors in the world, but when trading, we should look at eg trading platform binance or trading platform bittrex ...

Currently there are many different trading floors in the world, but when trading, we should look at eg trading platform binance or trading platform bittrex ...

The price of altcoin may be down but that does not mean with the volatile nature of the market, if something crazy tend to happen now, we cannot end up seeing them go down the more.

This is something I am very sure certainly everyone should know by now, that there is absolutely no way you can predict how well the market would be at certain point in time and the only thing you can do is to monitor the trend, have a good strategy to enter or exit a position and stick with it, which is something one cannot do without knowledge and I believe a lot of people lack that in this space, which includes the OP.

Try and dedicate your time towards learning day trading while searching for a good working trading strategy online, afterward you should try and practice (demo) until you are  making profits consistently before going live. this site coin2learn has a good resources for learning how to trade Cryptos and it will go in long way putting you thorough to trading Cryptos.

this is the right time to start buying, while prices are falling, then our ability to trade is being tested, we must always follow price movements from time to time, so market participants like this are a very pleasant challenge also makes us more able to master when we buy when we sell, by waiting for price increases. because the world of crypto currencies is up and down the changes occur very quickly.

If you don't have the money to buy altcoins, then wait and hodl your altcoins until the market becomes bullish trend again, that is the only strategy you have. But having this bearish market is a huge opportunity to make huge profits(like what whales are doing), buying in the dip then selling when it skyrockets, this year is going to end soon, meaning we are hoping that the market will recover again and soon the prices of Altcoins will pump.

But you could still earn tokens with bounties without investing any money, so saved your tokens you've earned in bounties, and wait for the right time to sell it.

Trading is not just about looking for a good exchange, it takes a lot of studies and analyses. There is no right time for trading, as long as you know what to do you can trade anywhere you want. Trading is not easy, but it can still be done perfectly. I suggest to read books, try to trade with small amounts and then learn more about reading charts.

Indeed it is famous and well developed platform which can be use for trading, using bitcoin trading platform will give more chances to learn trading and to get information about trading, so according to recent information those who want to start trading should buy some coin right now and no more waiting as it will increase price and will give less profit than any other kind of trading.

Trading is very simple, always invest when the market prices are dropping and sell it again when it pumps up again, patience is all you need to earn profit in this industry.

It really depends what kind of trader you are. Some traders only do well in bull markets. If that's the case, it might be good to wait for a convincing reversal so you can trade the long side easily again.

If you're good at range trading, or if you're good at switching to bear mode and shorting the market when it downtrends, this is a perfectly fine time to trade BTC. If you're an altcoin trader, I would stay out of the market until we see a longer term base. Even though the bulk of the crash from ATH is probably over, I think there's still room for a 2x drop or worse from these levels.

I personally prefer to start by buying some coins which I think are at a very low price for example ethereum, because if we wait for market recovery we might not get a low price, but the risk is if there is no market recovery and even the market is decreasing then we will experience loss.

my trading strategy buys coins whose prices go down and sells coins that I buy at a high price, because if we trade in the short term we will definitely suffer a loss, I prefer to trade long term because the price of all coins is decreasing in price, This is a long-term investment method.

to trade in crypto currencies all the time is a good time to start, and with the current conditions right to start investing, and to reduce the risk you better invest some of the assets you have

The question the OP asked sounded like someone who does not even know his left from his right and when it comes to trading, which is a very bad approach to it. A lot of people are gambling and not trading, because if he actually knows how to trade, this would not be a question a regular trader will be asking at all.

The market is in a downtrend, if you can trade it effectively, do so as there would always be short term opportunities, if you cannot, then stay away. Maybe in uptrends you can be lucky as even my grandma would easily call the moon, but best is to know how to go about your trading activity.

Just as simple as what he said. Buy low, sell high is the basic rule in trading. If you may want to trade again like what you have said, then probably you can use indicators to further monitor the chart and the market. Their is a proper entry and exit point in every trading, kindly do a research about it.

My opinion you can start. But this suggestion is only for day trading. Stay away from any kind of long term project. Because no long term invest can’t make you sure about profit. Even there is a sure chance for lose. Believe me. Though you can’t make a lot of profit but low chance for lose in day trading. Isn’t it better than lose? 1% to 3% is enough for a day trading. Not be so greedy. That’s all.   

There is no trading strategy in this industry, all you need to do is hold your coins and wait for the market prices to pump up again before selling, that is the reason why you should be patient and there is no need for a strategy.

Dude, HODL is also a strategy

in every trade there should always a plan and strategies

never ever enter in this world blindly

Its a persons choice whats the best and effective strategies could apply

even on this bear trend market an experienced trader could get a profits, due to strategies

Exactly. You’ve said that “I am thinking of starting trading again” , probably this is not the first time, and you completely have your experience for the next trading. Honestly, in trading field, if you have a plan to trade, you’d better not to follow any other thought because asmy experience, I am sure that before trading, all of us have to take a research foremost, you perhaps know about the current market and identify whether current fluctuation is suitable for you to do trading. Anyway, you should prepare an intimate knowledge in order that you can understand more about the market and find some way to minize some risk.