lushlife (OP)
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September 05, 2018, 07:28:07 AM |
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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?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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biofuel
Jr. Member
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Activity: 70
Merit: 2
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September 05, 2018, 07:38:31 AM |
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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
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CryptoIyke
Copper Member
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Activity: 308
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September 05, 2018, 10:40:52 AM |
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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
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trecore4
Sr. Member
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Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
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September 05, 2018, 10:52:13 AM |
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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?
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. |
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wuvdoll
Legendary
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Activity: 1442
Merit: 1025
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September 05, 2018, 04:50:35 PM |
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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 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. |
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Gozie51
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September 05, 2018, 06:04:24 PM |
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Should I wait for the market to recover or now is
a good time to trade?
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. 3500-5100 for BTC
Are we really going to see price "slump" to this? I don't wish to withness this  |
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Azima85
Newbie
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Activity: 97
Merit: 0
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September 05, 2018, 06:21:00 PM |
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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. |
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St4yInTh3D4rk
Sr. Member
Offline
Activity: 686
Merit: 264
"STAY IN THE DARK"
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September 05, 2018, 07:20:29 PM |
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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 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. |
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Aion2n
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September 05, 2018, 10:50:48 PM |
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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.
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VladimirIII
Newbie
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Activity: 9
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September 05, 2018, 11:15:35 PM |
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some intresting stuff)
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shinharu10282016
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September 06, 2018, 12:41:44 AM |
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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. |
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hoavantathan
Newbie
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Activity: 196
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September 06, 2018, 12:54:50 AM |
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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.
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herurist
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September 06, 2018, 04:35:49 AM |
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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 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. |
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Justinalex
Newbie
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Activity: 90
Merit: 0
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September 06, 2018, 07:12:14 AM |
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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.
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aervin11
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September 06, 2018, 07:37:20 AM |
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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?
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. |
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RokokGudangGaram
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September 06, 2018, 10:05:34 AM |
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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
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Pursuer
Legendary
Offline
Activity: 1638
Merit: 1163
Where is my ring of blades...
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September 06, 2018, 10:23:34 AM |
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Should I wait for the market to recover or now is a good time to trade?
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! |
Only Bitcoin
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loveinberlin
Member
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Activity: 336
Merit: 10
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September 06, 2018, 11:22:11 AM |
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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
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lablab03
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September 06, 2018, 11:29:04 AM |
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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.
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Moiyah
Member
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Activity: 630
Merit: 20
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September 07, 2018, 02:34:53 AM |
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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?
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. |
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