Bitcoin trading is a big challenge.

[batang_bitcoin]

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.

Yes. I understand. But we are not able to predict the extent to which Bitcoin prices will fall and the extent to which Bitcoin prices will rise. Don't we remember a few months ago? The price of Bitcoin fell from $ 10,000 to $ 3,500. This is a dilemma for us.

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.

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[goolesby]

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.

[Furious 7]

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.

[glendall]

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.

[Menawi12]

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?

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

[masulum]

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.

[xysheeh03]

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.

[asriloni]

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 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.

[NathanJB]

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.

[Spaffin]

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.

[adamin1i]

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.

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.

[Ahiaba]

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.

[ParabellumLite]

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.

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.

[rjp55]

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.

[nara1892]

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.

[Golstrim]

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 $

[CutePanda]

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.

[NewRanger]

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.

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.

[dark08]

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?

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.

[Yamifoud]

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.

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.