Bitcoin trading is a big challenge.

[Raja Singa]

I feel that the peak of Bitcoin could happen next year.

I think since 2018 people said that. That bitcoin prices will increase next year, because the previous year has passed.

My reason is very simple, because I want to feel the price like in 2017.

That's not a reason, but hope. Reason is the comparison of two different things based on data.

The trade of bitcoin is not a big challenge compared to trade altcoins. Because if bitcoin is down 5%, maybe some of the altcoins you are trading down to 20%. That's normal when you trade in this market. My experience is that you should place stop-loss for any transaction. And please put a stop-loss in 2-3%. If you forget to set a stop-loss, do not fall into a panic and sell with a lot of losses. Please hold until the price returns to the price you want buy. Wish you success in this market.

Yes. Stop Loss is a solution to avoid continuing losses.

It is a very big challenge to predict the movement of bitcoin, and if anyone is to trade bitcoin at this time, I think we just need to avoid being greedy, any increase we see, we take it and wait for correction, because if we keep waiting for a bigger increase before correction, it may make a U-turn against our trade and make us lose the opportunity to take the profit that we ought to have taken, and then we have to wait for several days or week for another increase opportunity again.

It has really not been so fun for people trading, it got to a point I just felt like leaving the coin for long term holding, and just keep monitoring the market till it gets to ATH before taking my profit. This decrease we often see now will be temporary, it is just corrections that often occur and I am sure that before the end of the year, $20k will be very possible.

If we refer to December 17, 2017, the price of Bitcoin has increased to $ 19,140.76. I think this is the first time the price of Bitcoin with the top score.

January 7, 2018, the price of Bitcoin fell again to the figure of $ 16,477.59. That is, the price of Bitcoin only lasts at the highest price of one to two weeks.

So, in my opinion, the peak price for Bitcoin won't last long. So, If we already feel we can get a little profit from the previous price, we can sell.

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[sukoyomi]

Yes This is only temporary. I am sure that the current price of bitcoin is declining. I feel that the peak of Bitcoin could happen next year. My reason is very simple, because I want to feel the price like in 2017. But I am not an expert in the field of coin price analysis.

for me this seems reasonable, because bitcoin has been increasing since the beginning of 2019, so it's only natural that he is currently experiencing a decline, because it's never in crypto whose name has a continuous increase every day. Sometimes he must go low and get ready for the new move.

[Karlinz]

It can be frustrating atimes, a very single trade mistake can make one lose all his profit that took a very long time within minutes, the volatility in crypto market is so huge, personally I have learnt to trade only trends and as well use usdt as fiat hedge for profit taking. At certain times it is greed to causes much of the losses, wanting to gain it all and eventually lose it all.

[South Park]

Yes. Conditions like this make us confused between selling or not. The problem is if we survive to not sell then the price continues to fall, if we sell it is definitely a loss. Because holding Bitcoin if it drops above -10%, it has already suffered losses of hundreds of dollars.

The two most difficult decisions traders face every day are, when to enter a position and when to exit a position, you already took a position so your problem is when to get out of your position, the truth is that even before you make your trade you need to know how much you are willing to lose in each trade and you need to know how much profit you need from each trade to stay profitable over the long term, I know it is not pleasant to stop your losses when the price of bitcoin moves so much against the position that you took but you have to do it otherwise you risk the market moving against you even more and making your losses even larger.

[Decimation]

Yea I tried it out for a little bit but I just keep everything in Bitcoin now. As someone who doesn't really mess with the normal stock market anyway (which is much easier to comprehend than the crypto market) I just have no idea what I'm doing. The complexity of switching between cryptos and understanding the cause and effects is way too confusing to me and is way too time-consuming. I feel a lot of times just holding for the long run is way more profitable (and less stressful) than practically day-trading. Day-trading is never worth it as you could always make better money elsewhere without the stress/luck aspect. Investing short-term is gambling, no matter how you think about it.

[Raja Singa]

Yes. Conditions like this make us confused between selling or not. The problem is if we survive to not sell then the price continues to fall, if we sell it is definitely a loss. Because holding Bitcoin if it drops above -10%, it has already suffered losses of hundreds of dollars.

The two most difficult decisions traders face every day are, when to enter a position and when to exit a position, you already took a position so your problem is when to get out of your position, the truth is that even before you make your trade you need to know how much you are willing to lose in each trade and you need to know how much profit you need from each trade to stay profitable over the long term, I know it is not pleasant to stop your losses when the price of bitcoin moves so much against the position that you took but you have to do it otherwise you risk the market moving against you even more and making your losses even larger.

Yes. I understand what you say. Indeed, Bitcoin trading must be prepared with all the risks if we want to get profit, because it is not necessarily the price of Bitcoin as we expect. Often our predictions about the price of Bitcoin are bullshit.

If we buy Bitcoin and then hold it, I don't think this is right. Because Bitcoin is an active coin to trade. Unlike most Altcoin, the price often runs in place.

Yea I tried it out for a little bit but I just keep everything in Bitcoin now. As someone who doesn't really mess with the normal stock market anyway (which is much easier to comprehend than the crypto market) I just have no idea what I'm doing. The complexity of switching between cryptos and understanding the cause and effects is way too confusing to me and is way too time-consuming. I feel a lot of times just holding for the long run is way more profitable (and less stressful) than practically day-trading. Day-trading is never worth it as you could always make better money elsewhere without the stress/luck aspect. Investing short-term is gambling, no matter how you think about it.

So, if we buy Bitcoin and we hold it. Then what coins are good for trading, while the most active coins to trade are Bitcoin.

If we talk about Ethereum. Ethereum also often follows in the footsteps of Bitcoin. If Bitcoin down, Ethereum also down, and vice versa. But it's not wrong what you say, maybe this takes a safe position. Only holds even though the price drops. But this takes a very long time.

It can be frustrating atimes, a very single trade mistake can make one lose all his profit that took a very long time within minutes, the volatility in crypto market is so huge, personally I have learnt to trade only trends and as well use usdt as fiat hedge for profit taking. At certain times it is greed to causes much of the losses, wanting to gain it all and eventually lose it all.

Do not rush. Because hurrying is not a good way, especially in the cryptocurrency context.

[IVEXO]

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 trading is a very big adventure
Which requires a huge capital and a smart trading skill to enable you get in and out in profits

Bitcoin trades is basically aimed at earning 1% - 3% daily
Avoid greed and always dyor

[acmakc12]

I think the shorts earn the most, this way of trading is the most profitable at short distances but at the same time one of the most difficult. In the last 2 months you can make good money on this.

[aioc]

But we see today's prices are falling. Is this only temporary?

If we study the chart for two months, it is not going down whenever there is a fall, I don't want to call it a fall it's a correction along the way and it will have as we go on, because some whales are exiting or some groups are doing manipulation but this is very much normal, there is no reason to panic.

[maxreish]

In every aspects there are always risk. Especially when we tend to decide to try and enter bitcoin tradings, aside from  the challenge, we also learn that bitcoin trading carry big risks. It cannot be considered as easy and quick rich scheme but we can't deny the fact that we can fet higher profits from it. Even though the market is really unpredictable, we can still reduce the risk of losing in trading.

[Sab11]

Bitcoin trading is a big challenge. Get a fast profit, but loss can be in seconds.

Yeah trading bitcoin is really big challenge but its just normal in doing trading if you want to earn huge profit you need to take a risk, volatility is in the nature of crypto, just go with the flow, Pump and dump is just temporary but we dont know how far it will pump/dump

[jazmuzika217]

Yes you are right. All we know that bitcoin is the most progressive coin so it is very risky like you said you can loss your capital in one blink of your eye. Bitcoin trading is a good business activity as long as you have enough knowledge on what you are going to do. And we already see that there are so many traders are already rich now because of bitcoin trading. Just make some research to learn knowledge before you invest.

[Ziskinberg]

There is nothing to worry about if it is now experiencing a decline in bitcoin. Because many predict the crypto currency market will continue to increase as one of Michael Novogratz said. And indeed, Bitcoin trading is indeed very profitable or even harmful at any time.

We should listen to that prediction, most of the people who invested in Bitcoin believes the price will recover, but for traders, it doesn't matter a lot to them as they can make money on price fluctuations.

Trading is indeed a challenge but we are here taking that challenge hoping we will be successful and we can make money.

[fuer44]

very uncertain if we discuss the price of bitcoin, it always changes every second. and the situation worsened when there were no parties either from the government or big companies that supported bitcoin, which made bitcoin look like an illegal asset. whereas in my opinion, bitcoin has a very good prospect in the future, because it has value, and functions that can be used as a means of payment for money or credit cards. who said the price of bitcoin could increase many times in the next 2 years or 3 years, I agreed to that.

[gabbie2010]

The best alternative in dealing with bitcoin trading is to research and buy when the price drops ie buy low and sell high with this approach or method a newbie can conveniently make profit without any hitches however embarking on day trading trading via Technical and fundamental analysis without any prior experience can be catastrophic and might resulted to a massive loss which is obviously a big challenge because of quick movement of the price of bitcoin within an hour the price can pumps or dumps in a range of $1K which is a wide margin and volatility.

[leea-1334]

Yes This is only temporary. I am sure that the current price of bitcoin is declining. I feel that the peak of Bitcoin could happen next year. My reason is very simple, because I want to feel the price like in 2017. But I am not an expert in the field of coin price analysis.

for me this seems reasonable, because bitcoin has been increasing since the beginning of 2019, so it's only natural that he is currently experiencing a decline, because it's never in crypto whose name has a continuous increase every day. Sometimes he must go low and get ready for the new move.

Bitcoin has been always increasing over the long term but in the short and even medium term like 2 years it can show declines,,, this is what makes people afraid all the time. People have short memories and they forget ATH and high prices only happened for 5% of Bitcoin lifetime. The rest 95% is all in low price regions.

[Dpat]

Bitcoin trading is a challenge but not a big challenge because now Bitcoin has become a global currency and traded world over. The volatility is very high and you also gain and loss high. So, whenever you are trading on Bitcoin exit with minimum profit or minimum loss. If, the price go severely adverse then wait for the time maybe 1 year or 2 year, you must get your price level and do profit. But, with trading on altcoins is the big challenges because these are not only high volatile but the price level won't come in short period if you loss.

[ishirut009]

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?

as of now the btc price declined more, but this is only temporary in my own opinion. The way i see things in the future as of todays fundamental is, the price of bitcoin can increase up to 40k$ in just a short period of time,. Then after that, we can see the alts moving higher also. Then when market goes crazy about it, the big capitalists are going to sell and that will be the end of shitcoins.

[timmmers]

You are talking about trading in a period of 18 months? It is not trading but investing or hodling.
It is obvious that price will go up in a long term period, it is because Bitcoin was created as a deflationary asset with a limited supply like gold.

[daenarys_stormborn]

bitcoin has always been a profit field if it can be used properly, crypto professional traders must have been very familiar with the nature of bitcoin which is very fast changing and very experienced in trading so that it can use bitcoin to be a profit, so you have to learn more if you want to compete and get profit on bitcoin