When is the best time to trade a Bitcoin

[Gaza13]

So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.

Day time for you probably night time in other side of world, so this suggestion isn't going to work imo.

The best time to buy Bitcoin is just whenever your heart desires and it just depends on what type of trade do you want, is it short-term trade or long-term trade? And how much time do you willing to put to actually look at the price at anytime to ensure the best result and sell whenever you feel like it. There would be in the future that the price would have a new resistance point so you would get the profit if you are patience enough.

In my opinion, if you play short-term trading, it will be very difficult or even impossible to make a profit. If you buy in the morning and sell in the evening, you can be sure that your money will disappear much faster before night falls. As we know, short-term trading movements are very wild. In my opinion, if you choose the spot method, the results we want will definitely be less than satisfactory. If we choose this method to get maximum results, of course we will need a lot of time and need extra patience in holding it.

[SamReomo]

A reason why many traders fail is they believe that 1 strategy fits all market conditions which deniably does not. 

That's quite true, no single strategy works in all market conditions. A good trader knows that thing and that's why he/she uses multiple strategies according to the market.

A strategy that works in bull market may not work in bear market and similarly a strategy that works in bear market may not work in bull market.

I personally use more than one strategy but in most cases my first strategy works while in some market conditions I use another strategy. And, when market is totally unpredictable then I don't make any trades.

[tottong]

That's quite true, no single strategy works in all market conditions. A good trader knows that thing and that's why he/she uses multiple strategies according to the market.

That's why trading is considered much more difficult because there is no one specific strategy that can be applied on a binding conceptual scale and there are times when multiple strategies can help one trade.

A strategy that works in bull market may not work in bear market and similarly a strategy that works in bear market may not work in bull market.

I personally use more than one strategy but in most cases my first strategy works while in some market conditions I use another strategy. And, when market is totally unpredictable then I don't make any trades.

There are times when using any strategy does not work well because the market changes so quickly and for those who do not understand trading properly it will cause excessive panic.
Deciding to exit a trade with inappropriate market conditions will result in losses and they will be difficult to recover in subsequent trades.

It is better not to do anything when market conditions are difficult to predict because forcing trading will not produce results.
In fact, people who have good trading skills also experience losses, what about those who don't have the skills.

[Bravut]

There is no best time to Trade Bitcoin, you can trade it anytime of the day. Bitcoin is volatile Market of which has no session or regulation like Forex Market which makes it different and impulsive moves because it runs individually, in essence calculate your risk and trade Bitcoin when you see an opportunity with your strategy.

[SamReomo]

That's why trading is considered much more difficult because there is no one specific strategy that can be applied on a binding conceptual scale and there are times when multiple strategies can help one trade.

I won't say it's difficult but surely it's not for the ones with weak hands. Those who have weak hands often end up losing money in trading than making anything.

Sometimes when my trades don't work then I use hedging techniques to minimize my losses, and sometimes the hedging helps with good profits.

I would say, the more you trade the better you get at it. I'm not a full-time trader but surely I can say that trading helps me to make some money for me and my family.

[dunfida]

That's why trading is considered much more difficult because there is no one specific strategy that can be applied on a binding conceptual scale and there are times when multiple strategies can help one trade.

I won't say it's difficult but surely it's not for the ones with weak hands. Those who have weak hands often end up losing money in trading than making anything.

Sometimes when my trades don't work then I use hedging techniques to minimize my losses, and sometimes the hedging helps with good profits.

I would say, the more you trade the better you get at it. I'm not a full-time trader but surely I can say that trading helps me to make some money for me and my family.

You would really be able to find it for yourself on the time that you do hover yourself on making up some trading within this market on which you could really be able to assess yourself whether you
would be able to survive or not. You would really be just that basically making yourself having those kind of realizations along the way on which this is something that would really be normal.
Dealing up with this unpredictable space will really be giving out those kind of doubts and hindrance on the moment that you've seen yourself dealing with those roller coaster like kind of movement.
Best time? It would really be just that depending on you on which we know that traders would really be that different when it comes into their goals whether holding up for long term or would
be having those short term approach.

Usually the best moment on buying or trading BItcoin is on the  time that it do make out some reversal or simply making up some positioning when it do make out some correction on which you could
somewhat assure that recovery would be coming next but of course there wont really be no exact time on when it would happen. So patience would really be also playing
a crucial role on the time or moment that you do deal up with this market.

[tottong]

I won't say it's difficult but surely it's not for the ones with weak hands. Those who have weak hands often end up losing money in trading than making anything.

I think it's difficult because even though we study seriously the process of gaining trading skills is not easy.
But if we really learn to learn it then there is definitely a way for us to get the knowledge we want.

Sometimes when my trades don't work then I use hedging techniques to minimize my losses, and sometimes the hedging helps with good profits.

I would say, the more you trade the better you get at it. I'm not a full-time trader but surely I can say that trading helps me to make some money for me and my family.

What kind of hedging you mean is related to not exiting a trade in conditions that go in the opposite direction.
Sometimes we will see momentum to enter the market and trade with potential profits based on how we entered.
This kind of analysis is what is needed to enter the market, even though sometimes the process goes outside the strategy implemented.

The more experienced we are in trading, the more potential we have to gain profits.
But we can gain this experience if we engage in trading gradually by having a strategy that can be implemented.

[SamReomo]

I think it's difficult because even though we study seriously the process of gaining trading skills is not easy.

Actually, it isn't difficult but surely it requires time and effort. Those who want to learn trading should understand that it's not easy to make millions as a trader if you begin with $10 or $1000 within 1-4 years. One can make profit as a trader but that profit isn't going to be in millions unless that person already has capital of $1M or more.

What kind of hedging you mean is related to not exiting a trade in conditions that go in the opposite direction.

In futures trading hedging can work as a great weapon if someone understands it well. However those who aren't good at hedging should avoid it. I do it with 1x leverage when I shorting and if it goes wrong then I open long positions to reduce the losses. And if the long continues to go up then I sell some of it and allow the market to dump again or I might average my short by opening another short from higher value.

I would say that in spot trading averaging is more useful than hedging but in futures trading hedging works like a charm for me. I mostly trade at spot market and only at futures market when I see huge bullish candles. Whenever the market goes up, it will again go down, and those who understand that always make profit by shorting.

[tottong]

Actually, it isn't difficult but surely it requires time and effort. Those who want to learn trading should understand that it's not easy to make millions as a trader if you begin with $10 or $1000 within 1-4 years. One can make profit as a trader but that profit isn't going to be in millions unless that person already has capital of $1M or more.

All effort is needed as a step to achieve good trading skills and the most important thing is not to be greedy so that we can learn gradually to gain good knowledge.
Capital also determines the level of profit and if we start from small capital then be patient to gain profits gradually with repeated trades.

In futures trading hedging can work as a great weapon if someone understands it well. However those who aren't good at hedging should avoid it. I do it with 1x leverage when I shorting and if it goes wrong then I open long positions to reduce the losses. And if the long continues to go up then I sell some of it and allow the market to dump again or I might average my short by opening another short from higher value.

I would say that in spot trading averaging is more useful than hedging but in futures trading hedging works like a charm for me. I mostly trade at spot market and only at futures market when I see huge bullish candles. Whenever the market goes up, it will again go down, and those who understand that always make profit by shorting.

The decision to trade futures is largely determined by trading skill and it is difficult to engage in it when one does not understand how to carry out such trades.
Beginners are limited to newly created accounts especially on binance that I know of and the use of leverage is also recommended on much smaller trade amount.
The goal is not to suffer much bigger losses even though there are several other choices available on the exchange.
If someone understands the pattern like you do, perhaps they will be much easier to get involved in and the beginner's habits are not yet up to that level.

Spot trading is actually much simpler for those who do not have good trading skills, although it is not advisable to engage in any trade without knowledge.

[Adams0001]

That's why trading is considered much more difficult because there is no one specific strategy that can be applied on a binding conceptual scale and there are times when multiple strategies can help one trade.

I won't say it's difficult but surely it's not for the ones with weak hands. Those who have weak hands often end up losing money in trading than making anything.

Sometimes when my trades don't work then I use hedging techniques to minimize my losses, and sometimes the hedging helps with good profits.

I would say, the more you trade the better you get at it. I'm not a full-time trader but surely I can say that trading helps me to make some money for me and my family.

People that understand trading very well won't see the People who understand trading well may not recognize the issues, but beginners will undoubtedly find it difficult to handle. Trading is a good thing to do if you have enough money since the more you lose, the more your brain expands and you gain more understanding about it. Every day, people trade and make a profit. I am a fan of trading since it is the only thing you can do and offer you daily money if it is going well for you because most people lose on trading every day and they will not try to trade again if they lose, and trading is not something that will be favourable everyday you most lose one day that is why you most no how he work before you start. If you have a lot of money and start trading, I am confident you will double it because even if you lose, he will not surprise you since you have enough to bet when you lose, and when you win, you will undoubtedly receive your capital and profits again. The more you stake, the closer you are to gaining trading expertise and becoming the boss of it.

[Issa56]

That's quite true, no single strategy works in all market conditions. A good trader knows that thing and that's why he/she uses multiple strategies according to the market.

As a trader, you are not supposed to have just one strategy because it’s not always going to work for you forever. The condition of the market at that particular time is supposed to determine the strategy that you will be using at that moment, and when trading, you shouldn’t get tired of doing research because you will need to update your strategy when you notice that you are no longer getting the expected result.

I personally use more than one strategy but in most cases my first strategy works while in some market conditions I use another strategy. And,

Either during the bull run or the bear market, if I notice that the strategy I am using doesn’t work well any longer, then I will check if I can improve it, and if I can’t, then I will have to change the strategy.

when market is totally unpredictable then I don't make any trades.

When the market is totally unpredictable, I do trade, just that I make use of a small amount of money, and I do make sure that I take less risk during that period of time. When things bounce back, I do go back to trading with the normal amount that I did before.

[SamReomo]

Either during the bull run or the bear market, if I notice that the strategy I am using doesn’t work well any longer, then I will check if I can improve it, and if I can’t, then I will have to change the strategy.

That's is also a good approach but I guess tweaking a strategy is more than enough to make it more effective in most market conditions. However, if the strategy fails many times then it's better to go with another strategy.

When the market is totally unpredictable, I do trade, just that I make use of a small amount of money, and I do make sure that I take less risk during that period of time.

I won't advice anyone to trade when market is unpredictable because it can sometimes dump very badly and recovering from such dumps might take so much time. I know it's okay to trade with small amount during such times but it's still better to not trade in such market conditions.