Daytrading with Bitcoin a thing?
- Thread starter dany
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It's like day trading any other instrument, 98% of the traders lose money or anyway make less than by just buying and holding.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I don't think that is the right question to ask. Bitcoin is down 4% in the last 24 hours, so in your example trade, which would earn you 2k in 24 hours, if it hit 67k, you're actually down $5k.
I am not a trader, but there are no hard and fast rules, most of them will base time frames on bull-ish or bear market conditions. Obviously, with crypto being so volatile, you can operate on shorter time frames, but IMO anyone pushing day trading is either clueless, or is able to make money based on the frequency of your trading i.e an︀ affiliate of an exchange.
I am not a trader, but there are no hard and fast rules, most of them will base time frames on bull-ish or bear market conditions. Obviously, with crypto being so volatile, you can operate on shorter time frames, but IMO anyone pushing day trading is either clueless, or is able to make money based on the frequency of your trading i.e an︀ affiliate of an exchange.
You are exactly right on this Dany... There's no doubt that the price of Bitcoin will continue to increase over the course of time and as long as you're patient, it'll pay off for you Big Time!
Hope you actually purchased some back in October and you'll be in the process of reaping the benefits︀ today with a price of 100K USD. But even if you didn't buy in, it's︁ still a good time to buy since the bull run is in full swing for︂ this crypto cycle and will likely last until Oct-Nov 2025.
If I was sitting on︃ 65K, I wouldn't buy 65K worth at the current price. Instead, I'd put in limit︄ orders to buy 1K worth at 100K, another 1K worth at 99.5K, another 1K at︅ 99K, and downward. This way, you'll be able to catch the dip and acquire more︆ Bitcoin at cheaper prices. This can significantly increase your chances to profit for the short-term︇ or long-term. You may not see 2K returns in 24 hours but if you use︈ this strategy with a long-term vision in sight, you'll make some great gains. Consider this︉ article of how Bitcoin has historically proven to be a great store of value over︊ time - https://www.digitalcryptosolutions.com/crypto-news/bitcoin-the-ultimate-store-of-value
I buy, hold, accumulate, and sell every now and then when I︋ see signals of a pull back. So I'll definitely take advantage of swing trade opportunities︌ when I see them. Otherwise, I'm content with just increasing my Bitcoin holdings.
Hope you actually purchased some back in October and you'll be in the process of reaping the benefits︀ today with a price of 100K USD. But even if you didn't buy in, it's︁ still a good time to buy since the bull run is in full swing for︂ this crypto cycle and will likely last until Oct-Nov 2025.
If I was sitting on︃ 65K, I wouldn't buy 65K worth at the current price. Instead, I'd put in limit︄ orders to buy 1K worth at 100K, another 1K worth at 99.5K, another 1K at︅ 99K, and downward. This way, you'll be able to catch the dip and acquire more︆ Bitcoin at cheaper prices. This can significantly increase your chances to profit for the short-term︇ or long-term. You may not see 2K returns in 24 hours but if you use︈ this strategy with a long-term vision in sight, you'll make some great gains. Consider this︉ article of how Bitcoin has historically proven to be a great store of value over︊ time - https://www.digitalcryptosolutions.com/crypto-news/bitcoin-the-ultimate-store-of-value
I buy, hold, accumulate, and sell every now and then when I︋ see signals of a pull back. So I'll definitely take advantage of swing trade opportunities︌ when I see them. Otherwise, I'm content with just increasing my Bitcoin holdings.
That’s a really great article you’re referencing there, and I can definitely see your point. Bitcoin is rising significantly more than USD, EUR, and other currencies. I also get the idea of continuing to buy BTC as long as the market looks the way it does now.
The problem is, what if it crashes like a bubble bursting, just like it did three years ago? Then your $100, as in your example, would only be worth $20. If I needed $100 at that point, I’d have to wait 3-4 years to get it back.
There are people here on the forum saying that the next︀ downturn will happen around February or March 2025. Others on OCT suggest it’ll be around︁ October or November 2025! If it were just a 5-10% drop, that’d be manageable, especially︂ if you made a 70% profit beforehand. But with the potential for these wild swings,︃ it’s definitely a bit risky.
The problem is, what if it crashes like a bubble bursting, just like it did three years ago? Then your $100, as in your example, would only be worth $20. If I needed $100 at that point, I’d have to wait 3-4 years to get it back.
There are people here on the forum saying that the next︀ downturn will happen around February or March 2025. Others on OCT suggest it’ll be around︁ October or November 2025! If it were just a 5-10% drop, that’d be manageable, especially︂ if you made a 70% profit beforehand. But with the potential for these wild swings,︃ it’s definitely a bit risky.
@JohnnyDoe what you believe and trust in is that Bitcoin will stay for ever or as long as planet earth exists, like Gold did for thousands of years? You don't believe it can tumble down to say 500$ at any time anymore ?
Consider the cycles my friend...︄ Cryptos are on a 4-year cycle based on Bitcoin's halving and if you observe the︅ historical charts, you'll have a better assessment of the timing and where prices are heading.︆ If you're concerned about a bubble bursting, sell off your positions between Oct or Dec︇ of 2025 b/c based on past cycles, that's when the price has peaked. However things︈ have changed up quite a bit in this cycle with the approval of Bitcoin ETFs︉ and the price increase that resulted from it. It's also worth considering that Trump will︊ be in office (which will be good for cryptos over the next 4 years) and︋ the fact that many governments, conglomerates, corporations, and global elites are stockpiling Bitcoin. So there︌ could certainly be a change in this cycle where prices continue to progressively increase.
As they say, never invest more than you are willing to lose. But Bitcoin is the︍ safest bet and the absolute best for long-term wealth preservation.
There may be a pull︎ back in Feb or March but you should look at that as a buying opportunity️ because the price will likely reach greater all-time-highs before the end of 2025. Great time to continue buying Bitcoin and if you set up limit orders to buy on dips, you'll actually look forward to them; and you'll benefit from them as well. Also feel free to check out this Bitcoin wallet that helps you grow your Bitcoin holdings - https://www.digitalcryptosolutions.com/the-best-bitcoin-wallet This offers a great hedge against falls in the price of Bitcoin and will help you increase your stash over the course of time.
Always feel free to take profits if you want or need to. But rest assured that holding and progressively acquiring︀ Bitcoin with a long-term strategy will pay of BIG in the future.
As they say, never invest more than you are willing to lose. But Bitcoin is the︍ safest bet and the absolute best for long-term wealth preservation.
There may be a pull︎ back in Feb or March but you should look at that as a buying opportunity️ because the price will likely reach greater all-time-highs before the end of 2025. Great time to continue buying Bitcoin and if you set up limit orders to buy on dips, you'll actually look forward to them; and you'll benefit from them as well. Also feel free to check out this Bitcoin wallet that helps you grow your Bitcoin holdings - https://www.digitalcryptosolutions.com/the-best-bitcoin-wallet This offers a great hedge against falls in the price of Bitcoin and will help you increase your stash over the course of time.
Always feel free to take profits if you want or need to. But rest assured that holding and progressively acquiring︀ Bitcoin with a long-term strategy will pay of BIG in the future.
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