I think there is some sense that you have spoken in this. That time investors will put back money withdrawn from there account and this will lead to high level increase. Again after the wait of more bear that is not happening, there will be hesitant buy in the market around January because many don't want to stay outside anymore. Moreover bitcoin has crossed $50,000 since 2 days ago and maintaining that is another sign it may end the year in bull.

Bitcoin is not directly linked with the economy but it effect shows in the economy. Bitcoin is highly volatile and it convertion brings multiple fiat in the hands of hodlers and I think this increase investment and production. This creates good standard of living and increase liquidity in the system and a rise in GDP.

Adjusting your parameters because you don't want to lose or you want to gain more is a factor that will take your account off. It is easy to achieve a risk reward ratio by setting our stop loss so that when there is volatility, we already know what we are going to lose and that is the only way we can achieve it.

That is very important aspect of trading. If you don't know how to control your risk you will keep losing hugely despite your technical ability. For example market gets volatile without information and having a good money management is the only thing that can safe the account from being swallowed, technical can only show the process of entering for profit but not protection of account.

On the covid-19 strain, I think it is not affecting price negatively at all and it is already having a traceable history from last year that it helped cryptocurrency to have push and better recognition from the past years. During the covid-19 lockdown, the price of bitcoin appreciated very well so it won't be different if there are conditioning of human interaction. It has not mattered when covid-19 pendamic was at its peak and it won't stop price now. Therefore I think Op speculation is not far from what can happen.

No amount precisely, it depends on your capital and how much you are risking. Sometimes the market can be funny to battle you out of the right spot you have seen for profit, it hits your stoploss but that doesn't mean you should give up but to understand that it is the market strategy to chase after traders stoploss first before giving you your winning. So for me I might try a particular trade three times if I believe in it and most times I can win back part of my losses on that market at the end of the third try



I notice that the December season is a hard season to market profit. This is because the market is unstable and not consistent. So looking for a better strategy to beat this season is better or to avoid it 

He is asking for help probably he is confused about what to do. Of course like you said, nobody would think of or consider to leave the line of business that is fetching money but Op is going through loses like many traders have experienced and came out from. It is for him to look at his trading knowledge and skills to understand if they are the problem for him or is just his emotion that is his problem.

I think this is the profitable way to do the business for profit rather than getting confuse we should have a plan for selling. If you keep waiting for a particular ATH, it may not reach there before it starts dropping so having a profit level and exiting as soon it gets there is wise enough. This is like setting a take profit and whether you are there or not, it will take profit for you when the price gets to that level.

Being high is not a reason not to make profit from bitcoin. You can trade small then take lower risk because of your capital but if you get it right, you are in for fast profit because of the volatility. Most times trading of bitcoin can be good because you don't have to experience hedges or delay unlike others.

I think that the spirit of hard work is dying off and people don't spend time to know what they are putting money into but just to invest best someone else has done likewise like they are gambling a chance for profit. This is why many have been scammed because they rush to invest without thoroughly scrutinizing the process more like gambling the chance to trying there luck.

It can be adjusted but it is better that it is steady because that will help us to maintain our plans and choices of what to trade and when to trade. If we have the adjustment mentality on that, you will realize you want to enter into any trade just because you can adjust to suit your need to trade.

The price of bitcoin this year has not been accurately predicted with the experience of the past occurrence and this is due to new changes and adoption that is over hauling the system and changing what we know already. This bull is being cut off by little corrections unlike in the past by January would have been talking about bear but comments are still expecting bull to continue. When looking at the performance too the last few days, it has been been recovering so I think it may just continue going up because no body is certain.

IMO I don't believe that technical analysis especially talking about the chart, graph etc  has to be past relating to future. I think it shows you the next step to take in the future, that's the gap it creates in the future is expected for a trader to analyse and speculate to cover it up accurately and if you succeed to cover it up accurately, that is the profit and if you do it wrongly that turns into loss. So that is the reason for different trading minutes, hours, daily, weeks and months which are very good to speculate.

There is always a season to lose in trading just as this particular moment that the price of bitcoin and altcoins are dropping. Now is a down trend so buying the long may not always give profit than short, that means if you buy the wrong trend, the loss will be recorded for you. Every trader must have a time of losing because this business is not always profit all the time. But maximizing the profit and reducing the losses grows your account.

You are correct talking about the volatility and the challenge it cause to the exchange. The volatility time is a moment of uncontrollable market movement that will force the platforms to go off maybe temporarily and this time, the bots can't also function. The volatility is also a time that traders have accused exchanges of manipulation and whether true or false is to be determined.

This is important to you. A break is a time you give to yourself to evaluate how you have traded (your strategy), how you have made profit the times that you did, how you have made losses. If you have asked yourself this question and answered it then I will ask you this:

How do you manage your risk appetite?

Do you use stoploss when you are trading?

Do you rush into any opportunity looking good to you without proper analysis?

Some of these questions may be the reason for trader's losses, so do a proper evaluation and you can begin with demo account to practice more and build confidence. When going live again, trade with small capital.

You have actually written so much hypothetically and that will be difficult to understand with the clustered words too without paragraphs.

However looking at the ending of your writing, exchanges are supposed to pay tax to the country that they are operating in based on the tax laws and not to the individuals and the aspect of insurance policy is also should come from the exchange protecting there customer against hackers and loses that are not there fault.

Lol not so regarded as gambling. Trading is a little guided at least you can trigger your stop loss automatically. Moreover, with trading you have technical and fundamentals to analyse that will help you on the decision you want to make. They come like chart and news but gambling don't have this but usually based on instinct. Also I don't know if trade is manipulated but gambling is.

But choosing a tight stoploss can still save you from huge losses than when you open it wider but the important thing is to have a working strategy that will show you the trend of the market because if you spot out the trend,  you are likely to get your trade order right and accumulate your profit faster and the trend won't turn against you. The reason we lose is because the trend are not properly spotted, so if we enter against the waves it will hit the stoploss.

Personally I think strategy that works for you 70-80% of the time is a good strategy and you already have a tool in your hand that you can look out the remaining percentage that you are looking for if you are not satisfied with the 80% profit. Instead of trying to look for other fresh strategy, you can work with what you have because the YouTuber saying it works 100% may not be telling you the truth. I believe strategies don't work 100% if it is 100% it means no failure which is impossible in the market and that is why there is stop loss.