Trading Bitcoin at this moment is right?

[Moiyah]

I feel trading at this moment is not right and waiting is better

There is no particular time in trading. But there is what you called the right time to enter trading. If you feel like you are ready to win or to lose, whatever the market's condition, the only matter is you have a positive mindset about trading. You have known in the first place that volatility is the characteristics of cryptocurrency and when you don't feel like trading now, follow your instincts.

[1715155456]

1715155456

[cryptothreads]

The way bitcoin has been increasing for the past few days, it is definitely right time for investment, but you have to skillful so that you can enter the market at the right time and get out with 20 percent profits.

It is quite a good time to get in trading at this time when the market is having strong changing from downtrend to uptrend, entire market has risen quickly in just few days, so this can be a good chance to trade BTC and get some profit before the dumps comeback, careful with BTC when trading, it is at 8000$ now because the is the break point, if BTC can't hold at 8000$, it will easily be dumped.

Now is the time to decide the trend of this market because just a bad news can greatly affect the value of Bitcoin. In the last 4 days, Bitcoin tends to increase so there will definitely be adjustment in this market. If you want to be safe, you should sell all Bitcoin at $ 8,000 and wait for a major adjustment to take place in June and you will be able to buy Bitcoin at a cheap price.

[Botnake]

If you are one of the traders who do day trade, I think you are suitable for this question. Because, as day trader for them they can do the actual trading in any exchange platform. they don't care whether it is bearish or bullish season, it is due to that they knew to themselves whatever happens they could get profit 100%

I agree with that, day trader can use the same market situation into his advantage, however this type of trading is riskier, so not recommended for newbie traders. IMO, trading in bullish times is better as the likelihood of losing is very low, price is usually moving up and more money are coming in the market, and that will help us to easily trade and make money by making decisions at the right timing, price will dip (we buy), and price will pump (we sold), just follow that strategy all the time, you can accumulate good profit in trading.

[redsun114]

I think you need to study market movements. For example, using Trading View (https://www.tradingview.com/) that has been provided on each exchange and perform Trading Indicator Analysis.

Learning about market movements is good but we know that the price of Bitcoin changes with the passage of time and there is not known or exact timing when and how much the price alters. We need to decide according to current market situations in order to make the right decisions. It has declined a little to 7990 US dollars right now but it is understandable and if we invest right now we may not be able to invest in upcoming days.

[Cherylstar86]

I feel trading at this moment is not right and waiting is better

There is no particular time in trading. But there is what you called the right time to enter trading. If you feel like you are ready to win or to lose, whatever the market's condition, the only matter is you have a positive mindset about trading. You have known in the first place that volatility is the characteristics of cryptocurrency and when you don't feel like trading now, follow your instincts.

  Exactly, there is always a right time to trade and it is about an individual perspection on how to handle the possible consequences and taking the risk in order to gain profits in return. Let's just keep positive and optimist by dealing every scenario may occur in the market field, due of high volatilization, no one can predict how it will go. So be wise and observant.

[Btc_1856]

While trading we check the price from where the price of bitcoin starts increasing because there will drop in the market. We have to grab the bitcoin when it is going down strongly and we have to wait for it again until it starts recovering.

[SirLancelot]

I feel trading at this moment is not right and waiting is better

There is no particular time in trading. But there is what you called the right time to enter trading. If you feel like you are ready to win or to lose, whatever the market's condition, the only matter is you have a positive mindset about trading. You have known in the first place that volatility is the characteristics of cryptocurrency and when you don't feel like trading now, follow your instincts.

  Exactly, there is always a right time to trade and it is about an individual perspection on how to handle the possible consequences and taking the risk in order to gain profits in return. Let's just keep positive and optimist by dealing every scenario may occur in the market field, due of high volatilization, no one can predict how it will go. So be wise and observant.

I don't actually understand how could we be not able to invest in the future if we invest now? Price for bitcoins gave us a another good dip where price for bitcoins reach about $7200 from the peak of $8300 so it is a good sign for the big whales I guess. The changes which are occurring in the price of bitcoins are really quick and over night.

If we want to have good profits, then we just need to HODL our coins in each market situation and no matter what the price reaches we should never sell our coin until the price we predicted is reached. If we have basic knowledge about reading the graph, we can predict how long the graphs would run.

[BlackFor3st]

I wonder why you said that trading bitcoin at this moment is not right, may I ask you how long are you going to wait for the right time to trade?
It's better that you should consider in researching first to widen your knowledge in trading so you can say someday that anytime is a good time to trade as long as you know what you are doing.

You need some good experience also to solidify your decision as you can surely gain some profit if you can trade wisely knowing that the market is starting to recover already.

[fullhdpixel]

I feel trading at this moment is not right and waiting is better

OP posted this almost a year back and until then to now things have changes a lot. That time, most of the peoples might not feel trading is a right thing for them as the bull markets from 2017 were at a end in the October 2018 so most of the peoples that time might have left the markets seeing the price for bitcoins going to the dip.

This also made bitcoins get stabilized on the dip which made a lot of peoples lose faith and panic sell their coins. This also might have made OP to lose hope in trading but at that time OP and similar peoples might have HODL their coins and see if the price could get back to the top again as it might have given some profit to them instead of heavy loss.

[stadus]

While trading we check the price from where the price of bitcoin starts increasing because there will drop in the market. We have to grab the bitcoin when it is going down strongly and we have to wait for it again until it starts recovering.

Your explanation only tells, we buy low and we sell high, that's the rule but we have different strategy in following the rules.
Some people think this time is still a bad time because it could be a bull trap, while some believe it's already a bull run.

Therefore, you need to stand on your decision and don't make a decision that is not well thought of so you will not regret
any decision you make it case it's a wrong decision.

Timing is the most important as a trade, good timing leads to profit.

[Best Dreams]

I feel trading at this moment is not right and waiting is better

There is no particular time in trading. But there is what you called the right time to enter trading. If you feel like you are ready to win or to lose, whatever the market's condition, the only matter is you have a positive mindset about trading. You have known in the first place that volatility is the characteristics of cryptocurrency and when you don't feel like trading now, follow your instincts.

  Exactly, there is always a right time to trade and it is about an individual perspection on how to handle the possible consequences and taking the risk in order to gain profits in return. Let's just keep positive and optimist by dealing every scenario may occur in the market field, due of high volatilization, no one can predict how it will go. So be wise and observant.

I don't actually understand how could we be not able to invest in the future if we invest now? Price for bitcoins gave us a another good dip where price for bitcoins reach about $7200 from the peak of $8300 so it is a good sign for the big whales I guess. The changes which are occurring in the price of bitcoins are really quick and over night.

If we want to have good profits, then we just need to HODL our coins in each market situation and no matter what the price reaches we should never sell our coin until the price we predicted is reached. If we have basic knowledge about reading the graph, we can predict how long the graphs would run.

Yes after once buying your bitcoin we will have to wait for perfect time to trade as we know trading is good only for long term specially if you are new trader you should have patience and don’t trader on wrong time specially when the price is down in the market we only should hold it and wait to increase our trading strategies I am sure very near future we will be able to obtain our earning.

[mung_nasib]

I think there needs to be patience from traders when investing this year because prices often decline without a significant increase the impact on traders becomes worry because panic continues to emerge so that it causes losses and traders tend to choose do not invest now.

[Victorycoin]

If you have enough skills and experience, then it doesn’t matter to you what to trade, Bitcoin or Altcoin.I’m afraid to sell bitcoins, I’m afraid that by selling bitcoins I won’t be able to buy at a lower price.

If you want to sell bitcoin on fiat then it is almost impossible to buy it once again because it is a high chance that the price of bitcoin will be increased against  fiat.

[zee11225]

While trading we check the price from where the price of bitcoin starts increasing because there will drop in the market. We have to grab the bitcoin when it is going down strongly and we have to wait for it again until it starts recovering.

I have a different view, because bitcoin investment can start at any time and at any price. Now the price of bitcoin USD 8000 in my opinion is very feasible for investment because of the prediction going forward until the end of the year the price can reach USD 10000.
If waiting for the price to go down for investment, it will certainly miss the momentum, because there is no certainty when bitcoin will go down. As for investment, chances are that prices have gone up even higher. So, I am optimistic that now it is appropriate to buy bitcoin.

[Distinctin]

If you have enough skills and experience, then it doesn’t matter to you what to trade, Bitcoin or Altcoin.I’m afraid to sell bitcoins, I’m afraid that by selling bitcoins I won’t be able to buy at a lower price.

If you want to sell bitcoin on fiat then it is almost impossible to buy it once again because it is a high chance that the price of bitcoin will be increased against  fiat.

Bitcoin is bullish, why anyone would sell their holdings.
Come on people, keep holding and don't be afraid to see major correction as your sacrifice will result to reaping of the reward in the long, if you remain strong holding your bitcoin. Selling now is not a smart idea, unless you are a day trader and you have the skills to buy at dip and sell at peak.

[mersal]

Trading Bitcoin is always a good choice for the person who are not ready to take risk with altcoins but the profit might be less when we compare to the altcoin trading because some of the altcoin can able to give three digit percentage profit in 24 hours but it is not possible to find which coin is going to be  that much profitable unless you are a whale.

[goaldigger]

I feel trading at this moment is not right and waiting is better

Depending on the coin you are holding. If you are referring to bitcoin then youre right. For now its better to buy in bulk amd wait until it reaches its top again. As for altcoins, they are better to risk and trading and accumulate those bits into one big profit.

[CryptoLing]

Trading Bitcoin is always right I guess, I saw many people got more than 5x in the last few months, of course this only happen because of leverage.

[Fredomago]

Trading Bitcoin is always right I guess, I saw many people got more than 5x in the last few months, of course this only happen because of leverage.

It's possible to those who knows how to play around the market, if your capabilities can adjust each sway that happened around, it's not for everyone,
traders who knows the drill and understand how to work with the situation can easily adopt and get good profits, it's your knowledge and skills who will
bring decent positive returned.

[Cherylstar86]

Trading Bitcoin is always right I guess, I saw many people got more than 5x in the last few months, of course this only happen because of leverage.

  Looking forward how the current market pump in a gradual way can give huge opportunity to trade while its price is affordable. Thus, grabbing this opportunity will give massive profits but it all depend on how we deal the possible concequence in order to gain the great thrive.