Bitcoin Forum

Bitcoin trading is a big challenge. Get a fast profit, but loss can be in seconds. ???

In the last few days Bitcoin has started to increase sharply. And most of the Altcoin top goes up. CEO of Galaxy Digital, a crypto merchant bank, Michael Novogratz, said, the price of bitcoin will increase many times over the next 18 months.

But we see today's prices are falling. Is this only temporary?

https://i.imgur.com/BszEUl9.png

Yes. It's always a big challenge, even for professionals. If you are inexperienced in trading, I think the best way is to choose a way to invest: buy BTC and keep in the long term, I think that is also a profitable way.

Yes, you are right. I only buy a little bit of Bitcoin when the price is low. :'( :'( :'(

I think now is not the right time to buy Bitcoin. Prices are high.
The price is down at this time has not found the end point. Maybe it will increase or down.

I think that in general it is not worth listening to the statements of any experts regarding the price of bitcoin in the long term. Those who call the huge numbers, do not know what they are talking about and are engaged in manipulation. But it is worth noting that with positive developments, the price of Bitcoin will only grow.

Big challenge? That is what we have to face as a bitcoin trader, if you want to get big profits there is definitely a big risk, namely loss. There is no easy process to look for profit, because everyone has a strategy in trading. Big capital, lots of experience, principles, and the courage of speculation will affect the way of trading. Today the price of bitcoin dropped at $ 12200 and it happened quickly, but I think this is only temporary and will definitely rise again. Let's see in the next few days.

no one really knows anything, many people say a lot of things and in 2017-2018 they said and what?

You haven't seen that bitcoin has hit $13k today, do you? Early this year price of bitcoin was just $3,200 and now how much we're talking about? And this is a speculative market and that's why Novogratz is telling you for the next 18 months. It doesn't mean that it will get an instant pump, it has to go many waves before pumping to that price that you are expecting. Trading sure is a tough activity and I even trade now for few times because doing it daily will certainly give me an headache.

That's why stop losses are absolute necessary in a market this volatile. I personally don't trade on any exchange platform unless there is a trailing stop loss feature, that way you'll always be protected against both serious corrections (like the one we saw today) and transient dips after a sudden price spike.

Yes. We do not fully believe the severe opinions of experts in the Bitcoin context, but those people have a lot of money, they can change the price of Bitcoin to be higher. That is not impossible.
But our analysis must be strong in the context of Bitcoin. High Bitcoin prices, allow us to lose more quickly if the analysis is wrong.

The problem today that we face is world millionaires. They are better able to compete compared to us.
We get profit not because of the right way of trading, but profit by chance.  Because it is unable to change the price of Bitcoin with small capital.

Of course they talk after they analyze the global economy. Although it's rarely the right thing to say.

Trade, not hold.
If we pay attention to the BitMEX exchange movements, in seconds, continue to be active. How can we benefit like everyone else. Noticing already dizzy. ::) ::) ::)

It is very difficult to see the crypto market situation because the price is always changing at any time, even crypto trading experts cannot ensure the price of Bitcoin in the future, all are predictions and nothing is certain.
actually, I want a price increase and see the new ATH is reached ;) but we can trade on the exchange that has a large trading volume to be able to see what the latest price of Bitcoin is in 24 hours.

Being new and having less knowledge in trading, I can feel you, as I experienced the decrease of value of my coins in trading btc, all we need is proper technique. Bitcoin will eventually grow more in the coming years, but we all wanted something we can get in a short period of time.

Trading is always been a big challenge because you have to be on point always of your trade or else you suffer losses but it doesn't mean you have to be specific at always, there are always space to grow on how to make a successful trading especially if you are daily trader. I would suggest to make ease and comfort, just buy and hold it for long-term and if you see chances that you have already profit then you to sell it , just like that and repeat. With that strategy your mind is at ease and nothing to worry about daily predictions and chart readings just to cope up with daily profits.

Yes that’s why you’re being told that trading cryptocurrency is a very risky business for anyone to do. You can make huge profits and you can also lose the money the same way you have made it…. It’s not just a bed of roses and it is not meant for anyone, especially those that cannot take the risks that are involved in it. I always recommend long term (hodl) that’s always the best if you cannot trade perfectly. Long term is easy than day trading.

Yes you are right, bitcoin trading is really a challenge for us, if we dont know how to ride on the perfect time, even forex, stock market is the same, if you enter on the wrong time, you would probably lose a lot of money, be patience enough and take a proper timing is the most important thing, also reading the graph and the market is also an important thing in daily trading, dont take the FOMO's it will just hurt you, take a due diligence.

It may be as they say, the BTC will increase in the coming months, but the trend will stop. The market cycle is always pump dump and sideway, it will rotate continuously that cycle

No one can say exactly when it's high or low  ;D So what do you think about the lowest price of BTC in 2018 is $ 3k? It is still much higher than many years ago. If you don't have time, you can spend 10% of your monthly income to buy and keep BTC as a savings for the future.

true. the movement of bitcoin is difficult to guess the direction makes traders more curious to follow the movement. here we feel challenged to be able to read the next movement. down or up.

Novogratz will always talk about the strong growth of Bitcoin in the future, but he can't know anything for sure. his words are just comforting words for investors who have trusted him their money

Yes, and comforting words for all those who hope that their project will grow in value over time. Now the cryptocurrency has stopped in its development is obvious. Hunting does not bring profit means and 90% of investors do not receive it.

This is what is called trading, there are times for rising prices, and there is a time to go down. The nature of cryptocurrency is indeed fluctuations. I think this is normal. Maybe if we see the end of 2017 until the beginning of 2018, the crypto price also increases. After that it dropped slowly until the beginning of 2019 to $ 3500. And now it has increased to $ 11,327. In this opportunity, we are looking for profit. We must be good at using this situation.What experts say can be true or false. That's just their estimate. Not a sure thing.

We can predict but the question is if those predictions that we do or we hear are going to be reliable and accurate. It was from last year when bitcoin started to fell and it's known that by that time we went a rough road and that's bearish. I can understand on how worried you are but rest assured that the market will become lighter these days if we don't see it fall under $9k-$10k because that would be the support from now on. And having that said, we will definitely see a positive move for upcoming months.

Trading will always involve a big challenge and risks. One you may get big profits, but other, you may also lose your funds. However, Bitcoin is still fluctuating. As long as we can read the market chart and cycle so far, we may know the right time to pick and buy the BTC and time for selling.

There is nothing easy in crypto trading, this must be understood before trading.
do not expect everything to work well in trade, because it is not easy to predict and is influenced by various complex factors.
Your emotions are relied on here.

I agree with the CEO of Galaxy Digital that the price of Bitcoin will continue to rise even if there is a possibility this year will break 20,000 usd, this is only a possibility if we draw the line according to the chart, but all return to the market,
while the price of BTC yesterday fell due to correction, and I am sure that in a few days or weeks it will rise again and continue the journey to ATH.

Bitcoin prices rose very significantly in 2019. Any risky trading including bitcoin, shares, or forex. The important thing is that we have the skills to get profit and be disciplined with our strategy

the biggest problem in trading is the inability of traders to control their emotions. And the being too greedy to make a lot of profits.  if the pro can cut loss due to incompatibility with market conditions, beginners can lose 10x more than those who are professional. It means, Self-management in trading is the most important for all traders.

Yes its true that bitcoin trading is a big challenge especially when you invest in times its already in at its peak price value, then suddenly drops and dont know when to rise up again. But surely bitcoin is profitable because many investors makes profit from it, however a wise investor buys bitcoin at its lowest cost and use it for future investments to earn big profits.

bitcoin still stays above 11k and 20k looks possible to be achieved by bitcoin in the short term. It looks like the fact that bitcoin was searching the best rate above 10k rate. A few corrections have already passed and it keeps search the best rate.
But we are talking about the bitcoin that caused by the correction and it has brought a very big challenge for us. Fast movement of the price and swing on its price.

This is temporary. You cannot expect Bitcoin to simply draw a straight line going to the top. That cannot be true. If that happens, we should all be worried because that means the growth is not natural at all. Bitcoin is going to fall sometimes because it is being traded, bought and sold, by real people, with emotions, needs, reaction to news, fears, etc.

If we talk about the future prospects of Bitcoin, then I always remember the end of 2017, when many users of cryptocurrency sold everything they could to invest their money in bitcoins.  Then the price of Bitcoin fell very badly and their investments depreciated.  Based on this, I believe that once Bitcoin reaches $ 20,000, it will provoke massive sales in order not only to capitalize on this, but also to avoid the problems that were in 2018.

In the old days, everybody could make money from it. all he has to do is take the coin and keep it.
but now even if you are a very good trader it is very difficult for you to make a profit. The market is no longer able to allow novice investors to win.

Well, in my opinion Bitcoin trading will only remain a big challenge to only those who do not know how to trade crypto currency this because you need not to have a mind that Bitcoin will continue to increase in value but you should have it at the back of mind that there is time for increase and decrease in the market. And knowing when to buy at the cheaper price and when to sell at the high price makes you a good crypto currency trader.

I think the current situation is different from before, maybe in 2017 after Bitcoin reaches $ 20k, the whole market will fall heavily. But at the present time, the market volatility is much higher than the previous ATH, so $ 20k is just a retest, I think BTC will reach a higher price point.

Don’t limit trading challenges to only bitcoin. Every trade is a big challenge and your guess about the crypto currency can always be wrong. So keep calm and learn from your mistakes. With time your trading skills will progress eventually.

I don't like crypto trading because I have a big risk. my choice is to participate in a campaign that is more fun. But right now after the bounty is worthless I go back to studying the trade and hope to get past this challenge.
The hardest thing for me is managing trading emotions and implementing the right strategies in various market situations.

Sometimes it is better to avoid trading bitcoin, because some traders short it and lose money. If they were hold, they would save money and catched big movement like last bull run 3200-13 900 $

I think that is the beauty of bitcoin, you can earn much profit in a short time also you can lose it anytime. Because of it people are interested and want to invest on bitcoin.

if we able to trade and working in bounty campaign it will give us more benefits in market.so its important for to us to developt our skills.as crypto community we should not depend on bounty campaign only, i am just worry while there is no more bounty we will get nothing.so the solution was start our trading carreer in market.

I agree to you OP super relate you gain profit now but the second or third one you will end up losing higher than the profit you can at first.
You need tobe careful for your trade dont be fomo! set your plan and dont be quick entering to trade without your plan and lastly dont be greedy id you want to achieve your goal.

This the reason why we should have to be prepared all the time that it cost us. We can eliminate such thing cause its the volatility market had played it well and we take this opportunity to gain profits. Its fluctuation we look is something a challenge that we need to face in order to succeed.

Those who are trading between bitcoin and fiat, will be able to tell how easy or uneasy it is to switch in between the two. Some people would have lost greatly, due to that and some would have tremendously gained. In a situation like this, whoever is greedy will suffer most.

It is always difficult to trade. It is necessary to have knowledge in order not to lose everything in one moment. The most important thing is that you have to make your own decisions. Only then will you succeed. Don't listen to other people's predictions.

Maybe your right and we have our own market predictions but we can't just disclose to have some basis of what the others have observed the market.
Have to know that trading life isn't easy work for us, yet we need to work on it and closely check its trend before you've missed the perfect time to sell.
Well, that option to become a trader is a big challenge and sad thing to know that not all of the traders get successful.

That's right what you say, but at least we need advice from the right person to do the right research and analysis. In addition, we also learn to fight emotions and feelings of fear when trading as I now learn.

not only bitcoin but all crypto that you trade are also very high risk. But if you are not prepared for this I think you need to invest long-term but with potentially high coins. this is only to avoid your loss quickly besides trading and does not mean it is not risky too, because all of that is indeed at high risk. the important thing is that you must be sure of every plan that you will decide.

If someone are not familiar with trading, and lack of knowledge & skills & experience to effectively and profitable trading, they should only buy and hold. Buying and holding bitcoin will help them get profits from their investment in bitcoin. There is no reason to trade if you are not traders.

It is a very big challenge to predict the movement of bitcoin, and if anyone is to trade bitcoin at this time, I think we just need to avoid being greedy, any increase we see, we take it and wait for correction, because if we keep waiting for a bigger increase before correction, it may make a U-turn against our trade and make us lose the opportunity to take the profit that we ought to have taken, and then we have to wait for several days or week for another increase opportunity again.

It has really not been so fun for people trading, it got to a point I just felt like leaving the coin for long term holding, and just keep monitoring the market till it gets to ATH before taking my profit. This decrease we often see now will be temporary, it is just corrections that often occur and I am sure that before the end of the year, $20k will be very possible.

Maybe they can buy and sell when the price increase so they can make a profit. No matter if the profit amount is not too big depends on the other people, it still a profit and they can do that many times. But if they only want to buy and hold, then that will good for them as we see bitcoin price is up and down every day so they can still make a profit. We don't have to push ourselves to trade if we don't have skills and only hold in a long time that will help us to gain more profit.

When bitcoin goes up, you all say it is a bull trap. But when it's down you are also worried. You should keep your faith in bitcoin and instead of worrying so much, you should  be thankful with the opportunity of getting a cheaper bitcoin because in my own observation, btc won't ever touch any price below $10k. It could be the last chance for everyone to buy before we make the stongest bullrun.

I think volume plays a major role in the price of bitcoin. I noticed before the last pump, the volume was increasing steadily. Then just went the price was about to go down, the volume started falling. So if you plan on trading btc right now, make the volume your friend. It will show you which direction trades are going

It might be temporary or it might continue to fall, no one will perfectly predict that, but I would say that FOMO is going around in BTC strongly and continuous, I don't think it will just ended too quickly, so my two cents is it is just temporary.

There are lots of people who give different opinion about the price of bitcoin. Even a random 10 years old kid can say that the price of bitcoin will triple within next two months. All these are just some wild guess and the predictions are made based on past price. Other unexpected factors are never considered when the predictions are made. These unexpected factors actually play a vital role when determining the price of bitcoin.
The fall seems to be just temporary. Let's just see what happens within the end of the month.

not only patience and confidence , we must have trading skill and knowledge about crypto investment.without this thing impossible for us could survive in market.moreover trading in current time very difficult , market was unpredictable and alot of coins moves extremely.

Yes. Conditions like this make us confused between selling or not. The problem is if we survive to not sell then the price continues to fall, if we sell it is definitely a loss. Because holding Bitcoin if it drops above -10%, it has already suffered losses of hundreds of dollars.

After 5 days Bitcoin lost around 3000USD from its value. I do not think that was all. Next target is around 8k and then 6k - the strongest BTC support line ever, hope that will last long  :)

Any dump will be temporary but the problem is we don't know how far or deep that dump will be. But this time so many bad news about crypto already appeared especially tether and that will give a huge impact to the crypto especially for bitcoin too. This time a little bit difficult for bitcoin to wake up. FOMO still there but bearish is a little bit strong than it.

Yes it's temporary and that price even better compared to the current price which is Bitcoin trading at sub $10,000 already, and have fall below $10,000 today. If you panic on that, you'll be more panic today, but I tell you, this price correction is pretty normal  and even if it continue to fall, expect that the recovery will be faster because that's how price move when the market is bullish.

To earn profit by trading is not easy and it is very risky. Especially Bitcoin trading is a really big challenge for the traders. The bitcoin market is very volatile and for trading with bitcoin you need good experience and strategy. Bitcoin price is very unpredictable and that is why it is too risky. So you require good knowledge, balance, and patience for Bitcoin trading either you may loss all your asset.

Yes This is only temporary. I am sure that the current price of bitcoin is declining. I feel that the peak of Bitcoin could happen next year. My reason is very simple, because I want to feel the price like in 2017. But I am not an expert in the field of coin price analysis.

The trade of bitcoin is not a big challenge compared to trade altcoins. Because if bitcoin is down 5%, maybe some of the altcoins you are trading down to 20%. That's normal when you trade in this market. My experience is that you should place stop-loss for any transaction. And please put a stop-loss in 2-3%. If you forget to set a stop-loss, do not fall into a panic and sell with a lot of losses. Please hold until the price returns to the price you want buy. Wish you success in this market.

I think since 2018 people said that. That bitcoin prices will increase next year, because the previous year has passed.

That's not a reason, but hope. Reason is the comparison of two different things based on data.


Yes. Stop Loss is a solution to avoid continuing losses.


If we refer to December 17, 2017, the price of Bitcoin has increased to $ 19,140.76. I think this is the first time the price of Bitcoin with the top score.

January 7, 2018, the price of Bitcoin fell again to the figure of $ 16,477.59. That is, the price of Bitcoin only lasts at the highest price of one to two weeks.

So, in my opinion, the peak price for Bitcoin won't last long. So, If we already feel we can get a little profit from the previous price, we can sell.

for me this seems reasonable, because bitcoin has been increasing since the beginning of 2019, so it's only natural that he is currently experiencing a decline, because it's never in crypto whose name has a continuous increase every day. Sometimes he must go low and get ready for the new move.

It can be frustrating atimes, a very single trade mistake can make one lose all his profit that took a very long time within minutes, the volatility in crypto market is so huge, personally I have learnt to trade only trends and as well use usdt as fiat hedge for profit taking. At certain times it is greed to causes much of the losses, wanting to gain it all and eventually lose it all.

The two most difficult decisions traders face every day are, when to enter a position and when to exit a position, you already took a position so your problem is when to get out of your position, the truth is that even before you make your trade you need to know how much you are willing to lose in each trade and you need to know how much profit you need from each trade to stay profitable over the long term, I know it is not pleasant to stop your losses when the price of bitcoin moves so much against the position that you took but you have to do it otherwise you risk the market moving against you even more and making your losses even larger.

Yea I tried it out for a little bit but I just keep everything in Bitcoin now. As someone who doesn't really mess with the normal stock market anyway (which is much easier to comprehend than the crypto market) I just have no idea what I'm doing. The complexity of switching between cryptos and understanding the cause and effects is way too confusing to me and is way too time-consuming. I feel a lot of times just holding for the long run is way more profitable (and less stressful) than practically day-trading. Day-trading is never worth it as you could always make better money elsewhere without the stress/luck aspect. Investing short-term is gambling, no matter how you think about it.

Yes. I understand what you say. Indeed, Bitcoin trading must be prepared with all the risks if we want to get profit, because it is not necessarily the price of Bitcoin as we expect. Often our predictions about the price of Bitcoin are bullshit.

If we buy Bitcoin and then hold it, I don't think this is right. Because Bitcoin is an active coin to trade. Unlike most Altcoin, the price often runs in place.

So, if we buy Bitcoin and we hold it. Then what coins are good for trading, while the most active coins to trade are Bitcoin.

If we talk about Ethereum. Ethereum also often follows in the footsteps of Bitcoin. If Bitcoin down, Ethereum also down, and vice versa. But it's not wrong what you say, maybe this takes a safe position. Only holds even though the price drops. But this takes a very long time.

;D ;D ;D Do not rush. Because hurrying is not a good way, especially in the cryptocurrency context.

Bitcoin trading is a very big adventure
Which requires a huge capital and a smart trading skill to enable you get in and out in profits

Bitcoin trades is basically aimed at earning 1% - 3% daily
Avoid greed and always dyor

I think the shorts earn the most, this way of trading is the most profitable at short distances but at the same time one of the most difficult. In the last 2 months you can make good money on this.

If we study the chart for two months, it is not going down whenever there is a fall, I don't want to call it a fall it's a correction along the way and it will have as we go on, because some whales are exiting or some groups are doing manipulation but this is very much normal, there is no reason to panic.

In every aspects there are always risk. Especially when we tend to decide to try and enter bitcoin tradings, aside from  the challenge, we also learn that bitcoin trading carry big risks. It cannot be considered as easy and quick rich scheme but we can't deny the fact that we can fet higher profits from it. Even though the market is really unpredictable, we can still reduce the risk of losing in trading.

Yeah trading bitcoin is really big challenge but its just normal in doing trading if you want to earn huge profit you need to take a risk, volatility is in the nature of crypto, just go with the flow, Pump and dump is just temporary but we dont know how far it will pump/dump

Yes you are right. All we know that bitcoin is the most progressive coin so it is very risky like you said you can loss your capital in one blink of your eye. Bitcoin trading is a good business activity as long as you have enough knowledge on what you are going to do. And we already see that there are so many traders are already rich now because of bitcoin trading. Just make some research to learn knowledge before you invest.

We should listen to that prediction, most of the people who invested in Bitcoin believes the price will recover, but for traders, it doesn't matter a lot to them as they can make money on price fluctuations.

Trading is indeed a challenge but we are here taking that challenge hoping we will be successful and we can make money.

very uncertain if we discuss the price of bitcoin, it always changes every second. and the situation worsened when there were no parties either from the government or big companies that supported bitcoin, which made bitcoin look like an illegal asset. whereas in my opinion, bitcoin has a very good prospect in the future, because it has value, and functions that can be used as a means of payment for money or credit cards. who said the price of bitcoin could increase many times in the next 2 years or 3 years, I agreed to that.

The best alternative in dealing with bitcoin trading is to research and buy when the price drops ie buy low and sell high with this approach or method a newbie can conveniently make profit without any hitches however embarking on day trading trading via Technical and fundamental analysis without any prior experience can be catastrophic and might resulted to a massive loss which is obviously a big challenge because of quick movement of the price of bitcoin within an hour the price can pumps or dumps in a range of $1K which is a wide margin and volatility.

Bitcoin has been always increasing over the long term but in the short and even medium term like 2 years it can show declines,,, this is what makes people afraid all the time. People have short memories and they forget ATH and high prices only happened for 5% of Bitcoin lifetime. The rest 95% is all in low price regions.

Bitcoin trading is a challenge but not a big challenge because now Bitcoin has become a global currency and traded world over. The volatility is very high and you also gain and loss high. So, whenever you are trading on Bitcoin exit with minimum profit or minimum loss. If, the price go severely adverse then wait for the time maybe 1 year or 2 year, you must get your price level and do profit. But, with trading on altcoins is the big challenges because these are not only high volatile but the price level won't come in short period if you loss.

as of now the btc price declined more, but this is only temporary in my own opinion. The way i see things in the future as of todays fundamental is, the price of bitcoin can increase up to 40k$ in just a short period of time,. Then after that, we can see the alts moving higher also. Then when market goes crazy about it, the big capitalists are going to sell and that will be the end of shitcoins.

You are talking about trading in a period of 18 months? It is not trading but investing or hodling.
It is obvious that price will go up in a long term period, it is because Bitcoin was created as a deflationary asset with a limited supply like gold.

bitcoin has always been a profit field if it can be used properly, crypto professional traders must have been very familiar with the nature of bitcoin which is very fast changing and very experienced in trading so that it can use bitcoin to be a profit, so you have to learn more if you want to compete and get profit on bitcoin

If said while I don't think so, because the price of coins, including bitcoin, always changes every time. so the current decline in bitcoin prices may only be a market correction, but I'm sure the price of bitcoin can rise again, I personally have absolutely no doubt about the potential that bitcoin has.

Stop trading, become a hodler. And why? You will not loose your Bitcoins, you will reduce your risks, but still you will be able to earn a lot of money!

Bitcoin trading will be profitable if the market moves fast. but indeed most of the trades carried out are altcoin assets. it is not a problem to do the bitcoin trading, but I have to have capital that must be owned.

Bitcoin trading is really a big risk.. Proper knowledge and skills are required in order for a trader not to lose so much.. Better understanding of what you are doing is the best way..

Bitcoin prices not fell forever, now Bitcoin has changed the bullish trend but the bullish trend takes a long time until 1-2 years because the unstable bitcoin price movements make the price of bitcoin rise slowly

Yes Bitcoin is pretty risky and this is the reason they say it is not for people with a think weak hear prone to an attack upon a crash. I think the risk in Bitcoin could be mitigated to a big extent if it is purchased at a value that is the lowest. Normally you should invest in the coins when it lose big value. That is the bearish market. This mitigates the risk associated to Bitcoin and you could rather make money.

I believe in Michael Novogratz prediction and we have all know that in May next year bitcoin will halving and that is going to affect the price if America president will not fight it openly for the next 18 month.
Bitcoin is about up and down and there is no sustainable market directions over Time and as such you should know how to set stop loss in any trade you place in exchange. Many have lose big amount of money by just jumping into the cryptocurrency market.

To my knowledge, every thing is a challenge. Which is why you need to learn and understand the blockchain environment

Learn crypto currency, learn trading, learn bitcoin

Before venturing into trades

Bitcoin trading is extremely challenging most especially with the volatility involved. If care is not taken, one may end up looking a whopping some of money to it before knowing. I have even concluded that it is luck that makes one make a fortune in bitcoin trading.

Trading BTC is a great challenge as to get a success, you need to know everything about technical analysis, you must (at least approximately) foresee the price of the cryptocurrency and calculate the best profit and the worst loss. All in all, it needs much time, patience, and skills. Not too many people make good money on Bitcoin: most guys give up as they understand that trading crypto is too complicated.

I see the current BTC price is overbought even if it rises will not be significant.  You better trade in the short term, the price is likely to reach $ 8000- $ 8500 more in the long run, maybe in the range of 1-2 months

Trading bitcoin can easily be compared to gambling because of it's volatile nature, it can move in different directions within just a minute and just like gambling, it's highly addictive and highly lucrative for the pros.

Well trading in bitcoin is also same to other altcoins as you can see on other crypto coins you gonna invest on. As usual trading is very challenging to gamble your money in.

Bitcoin is a highly volatile digital currency, one can earn good amount in a short time by investing in BTC and at the same time a dd in the account may occur. Many people who invested in late 2017 earned good profit out of BTC and I have seen many project failing which bought BTC when it was trading at $19000. BTC gave them huge loss. Day trader should learn the BTC movement first and invest their amount with proper money management. Its good if someone invests in BTC for a long time.

One thing I've learned about life is that when you do not know how to do it, it is a big challenge but if you know how to do it, it is nothing but a common tasks. You read it right. Bitcoin trading is not a big challenge for those who study it first before doing it after.

The good thing about Bitcoin is it's volatility because it is possible that the next morning you wake up, your token can be twice or thrice it's value.

That's right. After strong price increases, they need some time to adjust. After that they will continue to increase strongly.

If you are a holder, Don't worry about this. Keep calm and get money soon.

Have a good day!!

Bitcoin is a high-risk coin from several other coins, and you must always be ready to face that risk when you trade using Bitcoin. yes even though bitcoin is at high risk, but if you have knowledge in trading, you might be able to get a big profit from this coin, but remember not to be too greedy and review your plan before making this decision.

risk is always involved with bitcoin trading if you are selling bitcoin any time the price of bitcoin can go up and it will be very difficult to buy it with the same old price again.

bitcoin price is hard to predict and as a rule it is difficult to logic and analysis. listen to different experts, I personally do not like. almost all of them are chatterboxes. and they make money for us.

Not just Bitcoin trading everything about cryptocurrency includes a certain level of risks, you make huge profit in minutes and loss them as well in the blink of an eye. Just make sure you know what your getting in to before venturing in to any crypto related business.

Just be smart all the time, being smart means you know how to accept all the possibilities like the pump and dump and you know you can also lose and don't think that you'll make profit all the time as that would be unrelistic. Traders look for long term success, and if they are serious, they'll have a decent amount allocated for trading and be thankful if he is up even with a small profit as consistency is what matters.

18 months is still several months away from now, mate. It does not mean that since it will increase many times over in the next 18 months that it will not experience any dips anymore. Do not worry about the hourly or daily dips of the price. This is not how Bitcoin's rise in value is measured. 18 months is considered long term already because it is beyond a year. You will measure its growth in long term also. Try to compare Bitcoin's price in March 2019 to its price come March 2020.

If you were involved in crypto during the last 2 years you would’ve done best just to stay with BTC in order not lose too much or to have good profits. Bitcoin has showed to be pretty ‘stable’ for such a volatile asset. Trading BTC is a big challenge because it’s very hard to spot the right trends and holding is long-term much, much more easier and proofs to be often the most profitable solution as well. Just HODL it!

You can admire bitcoin coin if you trade bitcoin in longtime investment, if you trade bitcoin in short term you can experience difficulties because of volatility of bitcoin every second changes.

Yes bitcoin trading is really a big challenge specially to our fait or maybe patience, because we all know that bitcoin is always high on volatility and anytime we can posibly loss our money on trading ot maybe investing into it. We only need to be more patience, but sometimes it is really hard to be patience specially when the price drop.

Trading requires patience in seeing the price movements of bitcoin. With a very fluctuating price movement, bitcoin can provide a big advantage if we already have trading skills and have a strategy to open a sell or buy position. If we don't have trading skills, it would be better if we hold it for long term

In trading, I think it is very reasonable. You suffer from a huge amount of harm, but if you earn a profit is certainly a huge profit. A good trading strategy you must use and do not sell in panic. Trading requires patience and a great time to sell coins.

I see BTC or altcoin prices always decrease and increase, this is like a cycle that continues to spin, BTC after going up and down, convinced that in the near future BTC will rise again instead of higher than ATH prices this month.

However, Bitcoin growth compared to other markets may be many, but most people invest in crypto most want their investment to increase even more. So most of them will invest in altcoin, only a few people with big money will invest in Bitcoin

From the image you attached, the price drop of BTC was just -0.24% which is not so bad. We shouldn't be carried away by little price changes, let's look at what BTC holds for the future. Some people when they see little price drop, they panic sell and it's not healthy for the crypto market.

the greater the challenge, the greater the risk that will be faced later. only people who are ready mentally and experience dare to buy bitcoin.
not necessarily this happens in the next 18 years. because crypto is volatile, where prices can change significantly at any time.

The opportunity to make money within that moment was right there, and based on the history of bitcoin in the last two months, we have seen several corrections and several rebounds, but as you know that bitcoin movement is always very sharp and sudden that it becomes so hard to know exactly how to flow along with it, so you find yourself missing those opportunities to do short.

Making decision to buy becomes hard, and when you eventually make one, you end up making at peak, and up seeing a reversal, then you have to wait for long for that value to come again before selling because there is no much money to be buying every dip that you see, so that has been the major challenge doing short and reason why I just left my coin for long-term till the new ATH arrives.

Trading bitcoin is all about how big or small your initial start up capital is. The only big challenge of bitcoin trading has to do with trading with small amount of capital. The changes in the price of Bitcoin is not actually the big challenge. Everybody in the crypto space knows that its the nature of crypto coins to frequent change in its market value. If you are trading with small capital thus when you see that has a challenge. When your trading capital is big, you can easily double or triple your capital within 24 hours if you are strategic..

You are more aware of the price of the coin, whether it is temporary or fixed according to my observations after reading this post. The consequences of trading in Crypto do have a big challenge that can provide a loss in seconds.

I think not only is bitcoin trading difficult, all types of trading are challenging even for those with a lot of experience, and the win does not belong to the majority.

I lost 0.3btc to trading in 2018 since then I've stopped trading,before I lose my bitcoin I've managed to almost doubled the 0.3btc to 0.55btc but I lost everything,trading isn't easy as many thinks it is

Well that's the biggest challenge in the trading world, we should be able to control panic when it happens.
Patience is a key in the trading world. And I personally always believe in Bitcoin to continue to hold up to the huge gains I can get it.

After a few days the price of red coins. Slowly the coin price has become green, so I believe that the situation can be recovered soon. Many people say that the price of Bitcoin again decreases sharply. But the trading volume is still very large, so it still gives great hope the market will be back pumping.

I hope that the dip does not get to that stage because that will be a very big fall for bitcoin which I would not be happy with, I hope that the bulls are strong enough to keep the market high till we at least pass the last ATH of $20k. if the market falls back to $6k - $8k now, it will have two effects on the market, negative effect and positive effect.

Lot of people will panic sell which will discourage them and they will start making lots of negative comment as regards Bitcoin again, while the positive effect that will surround it will be FOMO purchase, a lot of people that missed out when bitcoin was around that value will see it as an opportunity to start buying and they will continue to accumulate as much as possible, which I am sure that whales will do too and this action will make the value get back to its previous ATH last month.

It is a big challenge, as of now I am still waiting for its price to go up because I bought at a wrong timing. Trading is not easy as it looks just like gambling.

Trading is not easy thing to do, especially for crypto newbies. There are so many traps with trading, that manipulated by whales and news, so if someone are crypto newbies and don't feel that they have enough knowledge, and skills to do successful tradings, they should stick with long-term investments and become holders. It is better for them to be holders, rather than traders.

Am not a good trader and a pro but with my little experience gathered from my few years interacting with bounty I have realised that trading bitcoin is big risky and more profitable to people with big capital,  I rather trade alts

if you are trader thats mean you should have a trading type like day trader , scalper , swing trader . cryptocurrency is high fluctuations easy win easy lose

Bitcoin is hard to predict and anyone able to pull out profit by day trading, well kudos to you. I rather hold altcoins than challenge BTC.

All crypto currencies are hard to predict their movements correctly. Sometimes bitcoin gives more profits than altcoins, and vice versa. I don't think you should only own altcoins all the time, at some good days, you should take profits with your altcoins and change to own bitcoin and wait for chances to buy altcoins back in later days.

To be safe it is reasonable to convert to bitcoin all your coins, because of unpredictability of altcoins and later on if you  an see potential altcoin you can invest coming from  your bitcoin Wallet.

Big challenge?? l don't think so. l have to tell the following, most investor has made on the right time. That means they have bought when the price was down. But now the price is a bit high. l'm particularly fond of trading. l think it is not time to invest to BTC. It can be ETH.

lol so you think trading is verry easy ? can you show me some proof of your trading history and your profit  . your the only one that says trading isnt a big challenge  .

your lying . not most but only few investors are made it on the right time because the value of cryptos is not easily predictable .

you did said that the price was now high but your still suggesting to invest on eth ? lol  . you arent aware that eth was also pumping same as btc  .

Bitcoin trading is a big challenge. I remember I was watching this coin rise, immediately I bought this coin, it kept dropping. I wonder when it will ever rise. But I'm still holding this coin, waiting for a successful rise.

Yes. Trading Bitcoin is a big challenge. Buying Bitcoin must spend big capital. If we look at the current price of Bitcoin with a few weeks ago, then the price of Bitcoin has dropped by around $ 2900. If someone buys at a price of $ 12,000, they have lost $ 3000. But it also brings big profits to those who hold Bitcoin at the price of $ 4000 in 2018 ago.

Typically, cryptocurrency pays very well for patience and faith.  I think this is your case.  If you continue in the same vein, I am sure that you will succeed in what you have in mind.  Moreover, there can be no eternal fall.

I think all trading is like that? Even if it's not cryptocurrency, we can also win big and loss in a second. But i think because bitcoin is more volatile it's more likely to happen.
And because bitcoin price is quite unpredictable, i think it's kinda hard too to expect the price keep increasing. So it's normal if the price increases and then go down again. We just need to be patient and wait for the right time. Trading needs skills, luck and of course patience as well because if we don't have those we might make reckless decision that might bring us loss.

Trading is always a big challenge in volatile market and if you want big profits from this market then you have to ready for a loss also as this market go in both way and everything depends on your entry time.

Do not believe the various forecasters, because these forecasts are made just to attract attention, and in fact these forecasts are very rarely when they turn out to be true, therefore you should always think for yourself and always act only according to your plan and your capabilities. Trading always involves a lot of problems, and these problems are of course solved if your trading experience is already very big and therefore you should always consider your strengths before starting trading. Bitcoin has been falling and growing all this year at the same time, and you can make great profit on it.

Bitcoin trading is not easy and requires strong mental. Before we do this trade it would be better, if we understand all the risks.

Bitcoin trading is a big challenge, but if you can win, big profits will definitely make you. If you are wrong to act you will get a loss and this can happen in a few seconds.

In June the price of Bitcoin rose high, but now its price goes back down. Despite the decline but the price of Bitcoin is still very high. At the end of the year, I'm sure if the price of Bitcoin and Altcoin will be back pumping.

trading is always difficult because it had lots of difficulties and issues involved in each and every trading and we met different type of people in trading Experience so that the difficulties always happened in not only this field but also we need to face all the problems to be successful at the end.

Of course, temporarily. I do not agree with you that it is not possible to earn. You can earn money, you just need to have the necessary skills that you do not have. And as for the growth, I will say this ... it is necessary to wait for the moment when the big players pick up the position of bitcoin and send it to new heights. We small fish must go with the flow

It's better for people to be truthful and realistic about the issue of trading. I believe that trading requires a great deal of experience and expertise to maximise your reward. And this could be achieved by consistent practice and studying the market dynamics.

yes it is true, that the greater the benefits the greater the risk. bitcoin is one of the top coins in the market many traders use these coins to get big profits quickly. in the trading industry you must always be prepared for all the risks if you do not dare to take risks you will never feel this challenge. but I do not recommend for new traders who are not ready for all the consequences.

Only lazy people or people who are not willing to learn fast would always see the disadvantage of a thing without even thinking of the advantage of it, I completely understand that trading is hard, but we still have stories of people who are on a daily basis succeeding through trading and they are making a lot of money, and the right thing they have developed is what you said, “the right skill”.

If any trader have the right skill, it would be impossible for them not to at least trade successfully three times in a month, and trading successfully three times in a month also depend on the capital involved, we have so many people that wants to trade with little money and then expecting something big from the market and I wonder how that is possible.

Even with leading experts, investing in Bitcoin still carries many risks. Without enough knowledge I think that you should keep Bitcoin long, daily transactions are difficult.

Greetings everyone. And as for you, do you guys only consider trading or other options as well?

Evening vanimis. What exactly do you mean by other options? Sorry, don't fully get your question

I mean some other ways of getting profit besides trading. Like just holding or, let's say, mining

Oh, I see. Well, I would say that much depends on experience in here. And you know, mining and trading also requires higher knowledge than just holding, from my point of view

And as for you, have you ever tried mining?

Yes, I have. And that's why I am saying that much depends here. For example, another thing that matters is equipment, different costs etc

And where have you been buying equipment? Any recommendations you can give here?

Sure! I was using globe.fullset.org. Guys are having a truly wide range of devices available, have a look

The volatile nature of cryptocurrency is why it's never an ideal investment, lack of regulation place an important role in the upwards and downwards movement of bitcoin or other cryptocurrencies. Bitcoin can only attain mass adoption when regulation comes along and this will be when the price becomes stable.

Sure, will have a look at them shortly, cause so far sound more than attractive. Any particular devices to have a look at?

My own favorites are Antiminer S17 and T17. But of course, have a look at other solutions as well to choose the one that suits you the best

What? Don't you know volatility is a trader's best friend. It is how they profit. If the price is just flat from weeks on end, no trader will make money. Regulation has nothing to do with mass adoption. In fact, most technologies get massively adopted first before regulation comes.

bitcoin trading is indeed a big challenge in terms of patience and carefulness in reading the market situation.profits are the target of all traders but reliable traders have techniques in trading so they often benefit from losses.Everyone certainly hopes bitcoin will increase from month to month.

Very big challenge. And these days, Bitcoin is very volatile.
Traders need to be 100% vigilant and have patience. You just the to understand the asset which is not easy  ;)

trading with bitcoin is not a problem at all. the problem is your risk management. if you lose money and don’t earn then you need to change your strategy

Those who trade on bitcoin, most especially now would have seen and can confirm how volatile it is. I try to imagine those who buy from the last pump. Such people would have been dumped on and that means that they are losing.
However, some of them are long term investors, who do not mind what the price is now. They believe that it has the possibility of rising in future.

To be honnest with you I gave up understanding BTC... it is a small heavy manipulated market, so anything goes...
Trading any coin is a big challenge, in harder market conditions it is an exercise that is not suited for everyone... it takes a lot of time and knowledge...
some people seem to be born into it...  ;D

Bitcoin was mentioned in the topic but I think he meant the top cryptocurrency coin and the trading challenge. Seeing the chat he posted who could have though Ethereum wont enjoy some ride when bitcoin dump just like last year. It is now difficult to multiply ones bitcoin with altcoins except with trading of bitcoin alone with a stable coin when it pumps. Lot of challenges but the wise still take some profits anyway

Trading is a challaging job how get earn profits, this challenge we experience this current situation is very excited because of fast moving of price of bitcoib up and down by the way not only bitcoin is challenging is also the altcoins is so very difficult to predict and analyst the price.

It is manipulated but you can't do much damage here without very big money. What they are trying to do is liquidate leveraged traders on platforms like bitmex. This is what those frequent small flash crashes are supposed to do. The market doesn't look manipulated if you look at a bigger picture of 1d charts.

If you want to trade BTC focus on swings and if you have to leverage go small on it. Don't let whales push you around.

Trading can be profitable when done responsibly but there are also risks that comes with it. You can easily lose huge amount of money within a short period of time when trading goes bad. This mostly happens to amateur traders but even experienced traders also lose some money at times.

Experience taught them and that made them look like they were born for it. Trading isn't an easy thing, it takes time to hone your trading skills and you'll experience many upsets just to get through and apply it in your future trades.
It's right that trading isn't for everyone, there are traders who are good trading bitcoin and some are good and reliable with altcoins. And there's also an option if you are not good as a trader, you can be an investor.

Experienced traders never make such mentioned long term mistakes but the obvious reasons can be misleading even for the professional traders. Amateur traders look for the getting quick rich schemes and they run to trade the shitcoins instead of reliable coins.

Trading the Bitcoin markets is easier than wasting time with the boring chart of the BTC. It is up to the personal decision of the trader to use the altcoins for day trading but these altcoins have to be chosen thoroughly before making big trades.  Bitcoin price is near the $10000 and the monthly range is around $9k - $11k which doesn't give the good trade advantages in perpetual contract trading.

It isn't much of a big challenge as we think it to be. If you take sometime to learn the mechanism, get yourself abreast with the market psychology you will enjoy trading bitcoin on a daily basis. I've come to understand that there's always a movement in the price of bitcoin on a daily basis such can be capitalised on and make gains from it.

I believe that bitcoin trading is a big challenge for someone who is not really familiar with how this coin moves in the market. But if you have been trading for a couple of years already, you will realized that bitcoin trading isn't just a challenge but a good source of earning if you just enjoy it and make the best of every trading you made.

Bitcoin was born in 2009, and now 2019, I think that has left a lot of history about Bitcoin travel. This is a good experience, of course for those who want to read. The price of Bitcoin is not on a high basis then decreases, but on a low basis then rises to high. Bitcoin trading is very risky, but we must be able to survive when prices are falling. In the past two years, the price of Bitcoin has printed two different histories, this is likely to occur in 2019 and 2020.

I agree if you say bitcoin trading is a challenging activity. Not just bitcoin, but all crypto trading is the same thing. The biggest challenge in my opinion is when prices fluctuate. Within seconds we will experience a loss if the price goes down, and in a few seconds we will arrive.
But if we have a lot of capital, then there will be a number of strategies we can use to reach the target.

Yeah, crypto movement is more difficult to predict than the mood of the wife. These are highly unpredictable. Few of the TA may help in crypto market but they can't be trusted completely. Most of the time crypto investment is like betting on the gambling site.

I think bitcoin is not for trading because the movement is not fast as altcoins.
Bitcoin is more like for investing for a long term, and for trading altcoin is the best moreover for daytrading

Yes, Bitcoin’s been getting a lot of press lately. Cryptocurrencies are maintained through a sort of ongoing digital ledger that records all cryptocurrency transactions and called a blockchain.

Bitcoin trading can be extremely profitable for professionals or beginners. Highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading bitcoins.

Bitcoin Trends

There’s a trend with Bitcoin: peak, then crash. It follows this pattern over and over.

In the early days, you could buy a Bitcoin for about 30 cents. But once the idea of a decentralized currency caught on, Bitcoin’s value went up in a BIG way. By 2013, it reached a price of over $1,000 for the first time.

And then it crashed in 2014 following a hack, and the prices remained low for a few years. But in 2017, it started to explode.

In January of 2017, Bitcoin was selling in the $900s. On December 17 of the same year, it peaked at over $19,000.

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I think that is temporary. Because basicly, Bitcoin is investment for long term.
Yes the price is bearish now, but the opportunity to bullish is still bright. If we see the chart, the cycle is same. It will declined then going up.
Also we need see some inovation in altcoin, so the investor have spirit again to buy Bitcoin to trading.

Eh, a lot of people look bitcoin like an easy thing for generating massive profit but most of them lose or luckily succeed because of long term holding. It's still hard for a lot of people to understand that bitcoin trading is really a big challenge. Why? Reward is higher, risk is higher too, it's a huge challenge to be capable of getting high reward over of high risk of lose.
Also another reason of why it is a huge challenge is that no one knows what kind of shock news will boom unexpectedly. For example someone bans it or sets new regulations on it or even coinmarketcap removed any exchange, some website decided to stop withdraw for a while or some of them got hacked and etc, this all happened in past very unexpectedly and affected price the same way too, it's hard to consider all of this in trading.

Its called big result and big risk, just few second you got much profit with bitcoin investment and few second you will got lost your money with bitcoin when price down, before want to make bitcoin or altcoin investment as your job learn more about how many time investor faced with risk by investing in bitcoin and altcoin.

It's a big challenge  and big sacrifice as we will need a lot of effort to learn it, we will need a lot of money to risk with, it would not be easy but it is really worth it.

Most of my friends nowadays are in the trading world, they lost a lot of money, disappointed, and they almost gave up, but they realized that there is no easy money, so they continue their passion and now they are reaching out people and helping them to learn trading for free.

A person should be able to risk and trade. If you do not observe these qualities in yourself then you should learn. On the loss of one person, several get rich - this is the law of the market. You need to be able to play by the rules and then trade will bring you a very good profit. The price of cryptocurrencies will never be static as we are now in a speculative era. You need to be able to adapt to events.

Absolutely bitcoin trading is big challenge market is volatile . Bitcoin is fast moving currency in the market holding right price in trading is big challenge

YES, This may just be a tempo, As you said bitcoin is rising and falling and this should be our watch, At the moment the price of bitcoin is falling and it could collapse at any time today. This is also the right time to buy some bitcoin and hold it until the price recovers and rises again. You just wait for the right timing to buy, and you also listen to the news and speculations and predictions.

Bitcoin still fluctuating and if you are good in short term trading you can earned decent from the current market run, Bitcoin can bring benefits for those who are doing good in following the trend, if you can get inside while everything is down. The chance of earnings from this field is very huge.

Keep doing your research and find your comfortable investment position. After that you'll be able to get good benefits from this venue of investment.

We know that trading is hard but there are actually tips on how to trade effectively. We all know the qoute buy low sell high. That is the first thing you need to remember everytime you are trading. Think for your money to grow and do it by taking every steps serious. In terms of the price, we all know that cryptocurrencies are volatile meaning it is changing time by time so you need to be good at predicting. As of now the market is not good. Stability in the market is not good and we can see it ok the cryptomarket. I am hoping that bitcoin will rise up again just like what happened last 2017.

but despite the high risk the fact that until now the cryptocurrency trade remains a favorite of many people to put their money in this trade because that way they can get a profit. if new people will definitely rethink by putting big money in this investment sector

We can't predict if the altcoins would fall into death or recover. However, the situation now seems to be more stable. Bitcoin has already proven itself and the trust of investors. Unlike altcoins, bitcoin would be more likely to prevail and increase in price, even if it fluctuates in high amounts, its demand would increase as we progress in the digital age. Adoption is gradual and acceptance is noticable in different sectors for bitcoin. It's a challenge for day traders but if you believe in crypto's dominance in the future, investing is never a bad thing.

Cryptocurrency is a dynamic industry and what it makes it special is that the ups and downs of the prices in the market gives opportunity for aspiring investors. Of course, the low prices are just temporary. And as time progresses, you'll see situations that are better and worse than this. As an investor, you need to be patient and control your urges to sell off your investment as much as possible.

Right, bounty hunting is almost dead. Most of the projects didn’t pay for hunters. So i think at the moment we have to focus in the alternative way likes trading is the most important thing to make money in long term. No need to depend only for bounty campaign because it’s not worthy. If you think trading is big risky than you will never success in trading because you aren’t a risk taker. Who guys will be best deliver in crypto than definitely success will come today or yesterday.                  

it has become a risk in investing with crypto currencies in the future and confidence and patience are the main capital in investing with crypto currencies and currently many investors are frightened by the condition of the crypto market that is experiencing a very rapid decline hopefully in the future will become more developed

In case some projects will pay a good amount of bounty tokens, but there was no active trading after project was launched. What's more important these days it you know how to manage your holdings and store it in your wallet safely. With that strategies you'll going to learn a lot of lesson specially the discipline, to control yourselves trading bitcoin as a very challenging task to do.

when the price of bitcoin at the exchange has decreased like that then you should be able to wait until the price rises again, because if you sell at a cheap price it will only hurt you, you can keep assets in the form of bitcoin forever so don't be afraid to lose because the price is certain back up and can get a lot of profit as long as the assets you have haven't been sold.

for bitcoin if the investor or trader loses, just hold it because bitcoin does have the potential for a long term compared to you selling it at a loss. and this I think is the best reference if you get a loss when trading because it's better to hold than sell and hurt you