Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Breadwinner on October 19, 2018, 12:31:33 AM
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For the past months now, I have been studying and monitoring the Bitcoin trading market. I realized that, Bitcoin investment shouldn't necessarily be a long-term one (you buy bitcoin and hold it till the price double or triple). It is very possible to make about 0.35 to 1% of profit on an average within two to three hours if you carefully study or monitor and understand the trading trends. If you agree with me, share your thoughts on this. If you also disagree, i will appreciate your reasons and thoughts....
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Your point is valid. However, this trading strategy is very risky and usually end in a bad way if you are not very careful, the work you made in days will just go in one wrong move. It is good to do this strategy when BTC is semi-stable but in the times of lagging, you can easily get caught in a swing.
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For the past months now, I have been studying and monitoring the Bitcoin trading market. I realized that, Bitcoin investment shouldn't necessarily be a long-term one (you buy bitcoin and hold it till the price double or triple). It is very possible to make about 0.35 to 1% of profit on an average within two to three hours if you carefully study or monitor and understand the trading trends. If you agree with me, share your thoughts on this. If you also disagree, i will appreciate your reasons and thoughts....
If you are a day traders then it is possible but it is tough that you will need to have the skills and the abilities to determine the price movement so that you could ride on to the price flow with a perfect timing or else your possible hourly earnings will turn to be your possible hourly lossing too.
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It's all about the timing because as what the others have said it could go the other way. I agree that Bitcoin shouldn't be necesarily be a long term investment it's only optional but I think many traders prefer the long term and mid term route because having to trade Bitcoin every few hours sounds more risky imo. A big capital is required for short term investments to become profitable which makes it more risky because your putting more and only earning a small % it can be a disastrous if you don't know what to do next.
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Like what you say that investment in Bitcoin does not need to wait long, when the price has risen a few percent of the purchase price, we can sell it again. because here our goal is the same, which is to get money. But the way to invest everyone is different. maybe someone wants to make a big profit by holding coins longer, or having gotten a small profit but that can be obtained every day. The point is that Bitcoin investment requires patience and a strong mentality, to face if at any time the price of Bitcoin is down. so we don't panic, and don't sell coins at cheap prices.
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Bitcoin is an investment that works by raising and lowering prices. But the increase in the decline in the price of coins is due to the large number of requests and offers.
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I don't really understand investing in Bitcoin, but I understand some. Indeed, Bitcoin Investment does not have to go through long-term investment, but also short-term. If at the moment I see it all, most likely most people use long-term investments, but actually the short term is also very profitable, depending on the right way and time for the investment.
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I see Bitcoin as a good investment because it can help you get a lot of money. I see it as a gold investment and that you can get a lot of returns from investing in it.