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Author Topic: When is the best time to trade a Bitcoin  (Read 908 times)
boty
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March 22, 2024, 07:50:46 PM
 #81

It depends on your objective, if you are a long-term trader just use the DCA strategy to accumulate bitcoin and if you think you have already gained profit you can pull it out once it touch its all-time high but if you are an active trader and have a time you can go for a daily trades which ride in the market volatility, the market will not adjust with your time, crypto is volatile so you can make a quick profit through scalping. With this bullrun run most of the people get as possible so they can have enough funds before the halving comes.
Of course, this really depends on a person's goal to gain profit from owning Bitcoin and for those who choose to hold it for a long period of time, they can use the DCA method to collect Bitcoin and this strategy is quite easy for anyone to do and they will be able to do it. get a profit when the price increases from when they bought it and if you do daily trading of course this will be very difficult to do so, you need to spend a lot of time to be able to get profits from daily trading.

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March 22, 2024, 10:42:09 PM
 #82

Don’t trade your Bitcoins. Bitcoins aren’t for trading I would say. Don’t trade Bitcoins for other cheap altcoins. Bitcoins are very valuable and rare. The reason I am saying this is because, Bitcoins are limited in numbers. That is no more Bitcoins can be created or destroyed, hence it’s ideal to keep as many Bitcoins as we can. In my opinion Bitcoins are good for investment. Use USDT for trading and making profits.
If you know what you are doing, you can trade bitcoin and make more of it, something that an investor cannot do as even if the value of bitcoin in terms of fiat went up, you will still hold the same amount of bitcoin.

However the number of people hoping to become traders which actually know what they are doing are very limited, which is why we often recommend people to become investors instead, since they will not only not get more coins during this process, but instead they will lose them.
Trading is harder and more risky compared to investing itself. This is one of the reasons why only few have managed to succeed in trading most particularly if you trade in a volatile market. Although this brings quick and bigger profits, but without knowledge and skills in trading, this could also be the fastest option to lose all your funds. That is why majority still end up settling in investing and hodling, as they can still be in massive profits if they are patient to wait for the perfect time to sell.

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March 23, 2024, 02:16:51 AM
 #83

I think they bought it in 2023. They are currently earning good training because currently.  I think the perfect time to buy bitcoins is when the price of bitcoin is limited or very low or if you hold it when the price goes up and then you leave it when the price goes up then your profit and chances are high.  In that case, you have to invest wisely because you don't notice when bitcoin price increases or decreases. You stay in the market, watch the market market in the market, in the market you can keep bitcoin when it decreases.  But at present stage it looks like the price of Bitcoin will increase further so let's see how much it will increase in the future.  But one thing you need to keep in mind is that when the price of Bitcoin goes up and down you need to market.
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March 23, 2024, 03:56:30 AM
 #84

If you want to trade in Bitcoin, you can trade in the market anytime you want, in this case you only need to understand the market and take trades by observing the candles at the time you will trade. Usually you don't have to wait for a long time in trading, rather you can make a trading decision after a few hours of market change. Trading Bitcoin is much safer for money than other coins if you can buy Bitcoin properly then you can make profit trading Bitcoin anytime. First of all you need to have enough knowledge about trading and spend enough time to observe how the market is moving and chart. After spending enough time you take a trade at one stage and sell it when there is some growth and then wait again to take another trade.

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March 23, 2024, 10:59:43 AM
 #85

Watch your pockets carefully too. You have to know when your best time to buy is when you've got your money going to the market again.

Usually you don't have to wait for a long time in trading, rather you can make a trading decision after a few hours of market change.
Yeah, trading decisions varies and it can be at this time or later or by tomorrow. As long as you see the changes or the market moves according to your trading plan, then trade or do what you have to do.



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March 23, 2024, 11:24:06 AM
 #86

You are right whoever owns bitcoin now might be very lucky because those who bought bitcoin when it was down are certainly very lucky the current bitcoin market is moving very high so they are doing very well. But the correct rule of thumb for buying bitcoins is that when the market is down, if we can buy bitcoins, we will gain a lot through it, but when we see the market rise, if we want to buy bitcoins, then it can be seen that the losses are more than the profits. But in case of buying bitcoins you must check the market you have to buy bitcoins by monitoring the market.

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March 23, 2024, 12:06:07 PM
 #87

For me, I think there are two styles of Bitcoin trading. The first is day trading. The best time for day trading, I believe, is during an uptrend because the price fluctuates clearly every hour, every day. This allows traders to capture short-term profits quickly. The other style is buying low and selling high. The best time to buy is during a downtrend because that is when the price is at its lowest.

 
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March 23, 2024, 06:04:56 PM
 #88

Of course it is good to do bitcoin trading if from the downtrend you see that it will have a reversal which is a good right time to buy at the break out then just hold because it is still an uptrend.

This is just the usual things that traders do who have an understanding of that matter as an individual trader in the crypto trading industry that we live in, then when they see a new trend that is still on the downside, sell is the only thing to do. simple.



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March 23, 2024, 07:08:45 PM
 #89

Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.
Now I observed that Bitcoin is like a gamble of football game whereby you go to the bet shop book your bet and wait for what will come sometimes you win sometimes fear can make you cash out after your cash out you may be lucky and sometimes you might lose something you would have gotten if you had waited.

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it
I just discovered that Bitcoin most times depreciates in day time but when it gets to late hours at night it increases its exchange value I don't know if anyone has this observation as well

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.
The best time to trade bitcoin is every moment but for those who have good experience in tradng, always trading is best because they can train from any market and make money.  Those who don't have much experience in the trading platform but can't earn more money from the trading platform will suffer in their trading. Becoming a professional trader takes a lot of time, but if a person is likely to become a professional trader, he can become a profitable trader with a few weeks of hard work. But the most important thing in the trading platform is that there are some strategies to adopt. If a person can adopt the trading strategy, then he will definitely benefit from the trading.  But I think the most important strategy of trading platform is to avoid excessive greed.  Those who can gain extra greed in trading platform and train patiently can make money trading any coin from any market because trading is always suitable for them.

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March 24, 2024, 10:35:35 AM
 #90

Of course it is good to do bitcoin trading if from the downtrend you see that it will have a reversal which is a good right time to buy at the break out then just hold because it is still an uptrend.
Trading when the market falls down, has corrections is both advantageous and disadvantageous. If it is in a bull market generally it is very good, we call it as "Buying dips" and price will make higher highs because of an on going bull market.

If, oppositely, it is a bear market, it is disadvantageous if after buying, you don't close your positions and stick with your plan. The bear market will force price to fall down more, deeper and you will get profit.

It can still hep you to gain profit if you hold but here we are discussing about trading, so buying a falling knife in a bear market, is risky.

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March 24, 2024, 10:41:31 AM
 #91

Watch your pockets carefully too. You have to know when your best time to buy is when you've got your money going to the market again.

Usually you don't have to wait for a long time in trading, rather you can make a trading decision after a few hours of market change.
Yeah, trading decisions varies and it can be at this time or later or by tomorrow. As long as you see the changes or the market moves according to your trading plan, then trade or do what you have to do.
This is the best thing which are needed to be checked before jumping into this way because as we all know just spend which you can afford to lost is the best policy so here as I am still believed I am newbie, and I usually hold my all stuff in bitcoin I have target to stay with this for long time even I am going to achieve my target which is currently long way to go but still usually when I needed cash I spend my bitcoin for my requirement and then have to cover this all in near future.
I never go with any strategy just trying to have all my stuff under my own policy which is working good for me in last few years and things are also going helpful but when we have huge drops I love to have few bytes for myself which are usually bonus.

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March 24, 2024, 10:59:32 AM
 #92

Watch your pockets carefully too. You have to know when your best time to buy is when you've got your money going to the market again.
This is the best thing which are needed to be checked before jumping into this way because as we all know just spend which you can afford to lost is the best policy so here as I am still believed I am newbie, and I usually hold my all stuff in bitcoin I have target to stay with this for long time even I am going to achieve my target which is currently long way to go but still usually when I needed cash I spend my bitcoin for my requirement and then have to cover this all in near future.
That's a good plan that you've mentioned. You understand what you're doing and you're not forced to sell when you are about to do it.

It's normal when someone has a need to spend that money and you've got no other source of it so, you end up selling a part of your Bitcoin. But it is better if you've got some other source where you can pull that money and for you to keep that Bitcoin based on the plan of span for holding it.

I never go with any strategy just trying to have all my stuff under my own policy which is working good for me in last few years and things are also going helpful but when we have huge drops I love to have few bytes for myself which are usually bonus.
It's very simple, your money then your rules.

But if it's about investing, we really need to have some concrete plan and some contingency plans if things go south but knowing this is Bitcoin, you don't have to worry about such.



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April 05, 2024, 02:09:37 PM
 #93

Quote from: AakZaki
I don't trade Bitcoin in the short term, only buy when the price DIPs to add assets and increase profits when the price starts to rise. Besides, my Bitcoin target is still quite far away, it hasn't touched the final ATH yet. It should at least touch a new ATH in the $100k price area and I will wait for that price, while waiting to buy gradually. Short-term trading is only for potential altcoins with high volume and volatility.
Trading your BTC in long term is the best way to achieve a big profit from your trading because, it will allow you to earn big profits at the moment than short term trading that will only bring little profits at the end and, it will not encourage you to increase your capital.

When you succeeded to buy your coins when the price is low, it will give you opportunity that will make you to always involve such strategy to buy coins when their prices is low and hodl them until the bull run occur before you can trade, which is the right season many professional traders use to earn plenty profit from the market.

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April 05, 2024, 06:21:49 PM
 #94

It is with coincidence that I've got a friend that have taught the same thing. When the US market is active, then that's the time he should also trade. This market is on the stocks and not with crypto but I think that he makes sense. Well, he's not so profitable trader but I've learned also from some of his observation about this type of trading during day and night, I don't really find something good or bad with them. As long as you're good with any time of the day and you are making profits, that's when you should trade and that's always been the best time.



 

 

 

 

 

 


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April 05, 2024, 09:38:21 PM
 #95

Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.
Up and down in crypto space doesn’t really disturb me,  maybe it’s just because of the strategy which I adopted, I do buy bitcoin and hold, and am holding for a long time, so little up and down happening in the Market don’t really have effect on me because am holding for a long time. People that are mostly disturbed by the up and down happening in market are the traders, they are the once that have to monitor the market carefully.

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it
When the market is down, the amount of bitcoin you are holding remains the same, the only thing that changes is the amount which you used in purchasing the bitcoin, if you are holding 1 bitcoin, even if the price dumps, it’s going to be 1 bitcoin, their won’t be any changes, but if you used 1k dollar to get 1 bitcoin, then it’s the 1k dollar that’s going to be increasing and reducing,  so you don’t have to panic, your bitcoin remains the same.

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.
It’s not really easy just the way you think, and if you are doing that,  you have to be very careful, because your money might end up being trapped, if it’s so easy that’s what everyone will be doing.

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April 06, 2024, 04:45:55 AM
 #96

It is with coincidence that I've got a friend that have taught the same thing. When the US market is active, then that's the time he should also trade. This market is on the stocks and not with crypto but I think that he makes sense. Well, he's not so profitable trader but I've learned also from some of his observation about this type of trading during day and night, I don't really find something good or bad with them. As long as you're good with any time of the day and you are making profits, that's when you should trade and that's always been the best time.
Im not really that much fan on trying out to connect with those typical market sentiments and news that would really be connected out into crypto market space. Speaking about about on whats the best time to
trading Bitcoin is on the time that it would be making out some correction. If you are a swing type trader then you could really be able to utilize those news at your advantage on which you could really be able to make yourself place on the bottom and would really be able to profit out when the market will really be having such recovery. Although there's no way that we could really be able to tell on when it would happen.

Crypto market is really open 24/7 unlike on Stocks/forex which its 5 days a week and there are opening and closing. There's so much to mind off i shall say.
So tons of people would really be having that kind of preference in between.

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April 06, 2024, 07:58:56 AM
 #97


Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.

At this moment, the halving of the Bitcoin period is very close to happen. After halving, what people expect is a bull run, indicating that the price of Bitcoin will surge. Holding Bitcoin now is significant, potentially leading to profits. However, realizing profits from Bitcoin investments requires a solid plan. Set a target price for your Bitcoin before cashing out your profits. Once the price hits that target, take your profits. It's crucial to avoid greediness; otherwise, you might find yourself back in a bear market.

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it

From the history of bitcoin investment, it is clear that people who are always patient enough and able to hold their bitcoin investment for a long time. They are people making a reasonable amount of profit from Bitcoin. If someone really needs reasonable profits from their Bitcoin investment, it takes patience. holding Bitcoin for the long term and making a huge profit from it. Even if a depreciation in the value of exchange happens, you will hardly lose. 
 


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.

It is not that easy to make profits from just a day-to-night period like that; you may buy during the day, and the price may continue to drop even over a week before it gains back. Thinking about trading it that way may not work as you are thinking of it.

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April 06, 2024, 08:55:01 AM
 #98

Cryptocurrencies are most commonly traded between 8amto 4pm in local time. While the crypto market is 24/7, your trade are more likely to be exchange when there is highest level of activity. Outside of these hours, when trading is lighter it can be more difficult to open and close trades.
Another perks of trading cryptocurrency is that you can buy it whenever you want. But many investors buy and sell cryptocurrencies during the same hours that the New York Stock Exchange ("NYSE") is open. But since you can buy and sell crypto at all hours of the day, you will need to know which hours are better for buying cryptocurrency.
While deciding the best time to trade crypto you also consider some factors like:
a) gas fees
b) market volatility
c) economic news and events
d) trading style and goals.
d)
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April 06, 2024, 09:30:59 AM
 #99

It is with coincidence that I've got a friend that have taught the same thing. When the US market is active, then that's the time he should also trade. This market is on the stocks and not with crypto but I think that he makes sense. Well, he's not so profitable trader but I've learned also from some of his observation about this type of trading during day and night, I don't really find something good or bad with them. As long as you're good with any time of the day and you are making profits, that's when you should trade and that's always been the best time.
Im not really that much fan on trying out to connect with those typical market sentiments and news that would really be connected out into crypto market space. Speaking about about on whats the best time to
trading Bitcoin is on the time that it would be making out some correction. If you are a swing type trader then you could really be able to utilize those news at your advantage on which you could really be able to make yourself place on the bottom and would really be able to profit out when the market will really be having such recovery. Although there's no way that we could really be able to tell on when it would happen.
When there's a correction, we're all saying that it's the best time to buy. But we don't know if many are buying during that time because not everyone has the privilege to buy when most of us have been facing different situations and challenges.

Crypto market is really open 24/7 unlike on Stocks/forex which its 5 days a week and there are opening and closing. There's so much to mind off i shall say.
So tons of people would really be having that kind of preference in between.
This is why for me that the crypto market is so much better and there's no closing but it's highly volatile as it's for everyone who sees the chance to trade with their own choice. But sometimes, the connection we do see when the market pumps during closing or opening of other markets.



 

 

 

 

 

 


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April 07, 2024, 03:51:53 AM
 #100

Quote from: AakZaki
I don't trade Bitcoin in the short term, only buy when the price DIPs to add assets and increase profits when the price starts to rise. Besides, my Bitcoin target is still quite far away, it hasn't touched the final ATH yet. It should at least touch a new ATH in the $100k price area and I will wait for that price, while waiting to buy gradually. Short-term trading is only for potential altcoins with high volume and volatility.
Trading your BTC in long term is the best way to achieve a big profit from your trading because, it will allow you to earn big profits at the moment than short term trading that will only bring little profits at the end and, it will not encourage you to increase your capital.

When you succeeded to buy your coins when the price is low, it will give you opportunity that will make you to always involve such strategy to buy coins when their prices is low and hodl them until the bull run occur before you can trade, which is the right season many professional traders use to earn plenty profit from the market.
I do agree that we are going to end up with something that won't be a big deal, it is going to be just holding and you will make so much money that way without a trouble. I am not saying that we are going to deal with a big problem, but we should be considering it as a normal situation without a big deal. People still looking for a way to make more and more money from leverage to futures to many other methods, but that's not going to be anything that would be considered a trouble to people.

I personally believe that the best thing we could do right now would be making sure that things are looking decent, and that should not be an issue at all. I hope that people could get to a point where things could probably be done better.

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