What's the next step for BTC?

[pieppiep]

There are a lot of short term traders in the market, so for sure, they will have to take advantage of any news that they will hear, then buy and short Bitcoin and squeeze some money.

But for us, long term holder, at least next year will be a big gauge to us. Whether we should be selling at a certain price, or just like you, will just hold as long as we can. Although I believed that at some point, there's nothing wrong to take profits in a bull run specially if you have been holding for that 4 year cycle.

I am the type of investor or holder who survives for a 4-year cycle. So I need free funds for 3 years. Because I will buy during the bearish season and sell during the bullish season. If I had the ability to trade short-term, I would do it unfortunately the busyness of the real world makes me not focused on trading.

Indeed, this is a very appropriate strategy for people who have other things to attend to, and cannot be devoted to daily trading. working well to capture the trends of the emerging and volatile crypto market, as evidenced by the ability to buy in the bear phase and sell in the bull phase.

They also lay emphasis on the fact that the strategy of producing leather goods must be maintained with consistency and patience. No need to concentrate on the short selling since with such strategy you can generate large profits even if the horizon is a long one.

[LUCKMCFLY]

I completely agree. To trade successfully we must prepare well. Treating trading like gambling will lead to big losses. To trade well we should learn about market analysis and risk. We should know ourself our emotions and decision making. We should be patient and take time to learn.


And if anyone is new in trading so I think  he should spend 3+ months in learning (books, courses). He should havr knowledge of market basics. He should practice with fake or small investments.

If they are fact, well when I was learning I did not immediately jump into trading with real money, I always used the part of exchanges or brokers in demo mode with fictitious money, I held back the desire to operate with real money, but it served me a lot because that way I learned very well the tools of the broker and exchange, if it happened to me it did not matter, because I had fictitious money, it also helped me to make plans and execute them and until I did not have a good profitability I did not dare to do it with real money.

[pieppiep]

I completely agree. To trade successfully we must prepare well. Treating trading like gambling will lead to big losses. To trade well we should learn about market analysis and risk. We should know ourself our emotions and decision making. We should be patient and take time to learn.


And if anyone is new in trading so I think  he should spend 3+ months in learning (books, courses). He should havr knowledge of market basics. He should practice with fake or small investments.

If they are fact, well when I was learning I did not immediately jump into trading with real money, I always used the part of exchanges or brokers in demo mode with fictitious money, I held back the desire to operate with real money, but it served me a lot because that way I learned very well the tools of the broker and exchange, if it happened to me it did not matter, because I had fictitious money, it also helped me to make plans and execute them and until I did not have a good profitability I did not dare to do it with real money.

The right thing to do with demo mode is, therefore, to take advantage of it in order to practice without having to facilitate the loss of actual money. Like that, you will learn all the options that are available on the trading platform and how to use them for your advantage without the stress of losing real money. Furthermore, when creating a plan and approving the plan, working it out in such an environment will enable you to gain confidence whenever you will start investing with actual money. I do agree that such a learning process is very useful, and it can then be a good basis to establish the success in the trading world.

[LUCKMCFLY]

I do agree that such a learning process is very useful, and it can then be a good basis to establish the success in the trading world.

That's right and also something that not many have, is patience, not giving up, there are people who because they do two operations wrong they already get out and do not continue because they lost their money, I understand that you can lose money, it is something normal, in trading, in gambling it is natural that we lose money, that is something common, but now, if things continue trying, there will come a time when we will be profitable and we will have more chances of winning and doing everything better, but we have to be there, in demos mode, in real mode even more we have to insist.

[Hisbullah]

I do agree that such a learning process is very useful, and it can then be a good basis to establish the success in the trading world.

That's right and also something that not many have, is patience, not giving up, there are people who because they do two operations wrong they already get out and do not continue because they lost their money, I understand that you can lose money, it is something normal, in trading, in gambling it is natural that we lose money, that is something common, but now, if things continue trying, there will come a time when we will be profitable and we will have more chances of winning and doing everything better, but we have to be there, in demos mode, in real mode even more we have to insist.

Loss of money in trade is a natural thing, but risk managers in trading are needed so that we can get a higher profit than trade. But all need patience as you say not many people have patience but experience will make them more patient. Because it is also the key to success.

[NicNacCoin]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

Bitcoin is currently above $60,000. We are going through 2024 fairly well. But there is volatility in the market, there will be volatility, without volatility, a trader and an investor can never make a profit. If there is no volatility in the market then a trade will never be successful and if there is no market volatility then an investor will not be able to setup a good position and invest. But I think this position will not stay as it is now the market will definitely go higher and by 2014 Bitcoin will reach between 80k to 100k dollars. But the current downtrend is not very downtrend, it is a normal downtrend.

[Tribalchief]

~snip

Loss of money in trade is a natural thing, but risk managers in trading are needed so that we can get a higher profit than trade. But all need patience as you say not many people have patience but experience will make them more patient. Because it is also the key to success.

For everyone who has gotten the necessary knowledge required for trading, it's expected to also have a certain level of risk. There are certain amount that a trader must be willing to risk, so that when things turns left, they won't be too many disappointment. Recently, I monitored the Bitcoin chart, and I think the last 2weeks has been a very good time for traders. But unfortunately, Bitcoin dropped below $62K not too long, and I think so many traders are left stranded, as they won't be able to sell till it climbs back to $64-65K. So, the whole trading stuff is associated with risk, and just as you've pointed out, patience can do alot in cases like this, because a trader can never be certain when he/she will get the actual price of expectation.

[doc]

For everyone who has gotten the necessary knowledge required for trading, it's expected to also have a certain level of risk. There are certain amount that a trader must be willing to risk, so that when things turns left, they won't be too many disappointment. Recently, I monitored the Bitcoin chart, and I think the last 2weeks has been a very good time for traders. But unfortunately, Bitcoin dropped below $62K not too long, and I think so many traders are left stranded, as they won't be able to sell till it climbs back to $64-65K. So, the whole trading stuff is associated with risk, and just as you've pointed out, patience can do alot in cases like this, because a trader can never be certain when he/she will get the actual price of expectation.

A trader must have risk management, because in trading we are always faced with risk. With good risk management skills we can minimize the losses we will suffer, and we must take the risk with careful consideration. because not all risks must be eaten, because the consideration of getting profit must be higher than the loss.

[pieppiep]

For everyone who has gotten the necessary knowledge required for trading, it's expected to also have a certain level of risk. There are certain amount that a trader must be willing to risk, so that when things turns left, they won't be too many disappointment. Recently, I monitored the Bitcoin chart, and I think the last 2weeks has been a very good time for traders. But unfortunately, Bitcoin dropped below $62K not too long, and I think so many traders are left stranded, as they won't be able to sell till it climbs back to $64-65K. So, the whole trading stuff is associated with risk, and just as you've pointed out, patience can do alot in cases like this, because a trader can never be certain when he/she will get the actual price of expectation.

A trader must have risk management, because in trading we are always faced with risk. With good risk management skills we can minimize the losses we will suffer, and we must take the risk with careful consideration. because not all risks must be eaten, because the consideration of getting profit must be higher than the loss.

Indeed, Risk management is crucial part of any trading, particularly in the rapidly fluctuating market such as cryptocurrency. An experienced trader also looks at the aspect of gains to be made, but he also looks at the way in which his capital is to be shielded from massive losses. Good risk management is helpful to try to block the possibility of enormous losses and with methods including place stop losses, use risk capital, use diversification. As such, losses can be contained so that the trader is able to carry on for a long time even in situations that any movement could go up or down.

People do not go for every risk they come across and a trader has to be wise in selecting risks that are actually worth it than the trading opportunity in terms of profit. This means that every choice is also guided by a rational evaluation last craving is not a driving force behind each decision as is tendency in the market. Using this approach traders are able to resist the temptation of making unwise decisions in trading and it will help a trader avoid over trading and or taking unnecessary risks which overall lead to control of risk/ reward ratio.

[taufik123]

Now a lot of sentiment is influencing the Bitcoin trend so that the previous trend will not be the same as it is today.
Now bitcoin does tend to fall further and the last ATH is still at $73k, not able to pass the ATH, but entered in October until the end of the expected that Bitcoin can reach a bullrun until 2025.

Now it is only necessary to make purchases gradually before the bullrun arrives, and those who are pessimistic about Bitcoin will simply sell their holdings.

[laijsica]

For everyone who has gotten the necessary knowledge required for trading, it's expected to also have a certain level of risk. There are certain amount that a trader must be willing to risk, so that when things turns left, they won't be too many disappointment. Recently, I monitored the Bitcoin chart, and I think the last 2weeks has been a very good time for traders. But unfortunately, Bitcoin dropped below $62K not too long, and I think so many traders are left stranded, as they won't be able to sell till it climbs back to $64-65K. So, the whole trading stuff is associated with risk, and just as you've pointed out, patience can do alot in cases like this, because a trader can never be certain when he/she will get the actual price of expectation.

A trader must have risk management, because in trading we are always faced with risk. With good risk management skills we can minimize the losses we will suffer, and we must take the risk with careful consideration. because not all risks must be eaten, because the consideration of getting profit must be higher than the loss.

I agree with your valuable advice. Investors should adopt strategies based on the right criteria to manage risk in trading such as regularly buying and holding during bearish periods to increase the chances of making more profits during bull runs.

[JoyMarsha]

Hopefully, we can maintain this phase or hold at this current price. Obviously, our next target could be around $65k-$68k before the end of the year and come October, which is usually a bullish month, we might see $70k again or maybe set a new all time high before the end of the year.

I would agree to Bitcoin setting a new ATH before the end of this year, but this month of October, we don't know whether Bitcoin will show a green candlelight as speculated. Because we are having Bitcoin experiencing a decline in price, from $63k at the month end of September, to $60k + price at the beginning of October.

The crypto market can really be positive in this month, but nobody knows the direction we have it be before the end of the month. Making this month to be still unpredictable  towards the Bitcoin price

[Ricardo11]

Hopefully, we can maintain this phase or hold at this current price. Obviously, our next target could be around $65k-$68k before the end of the year and come October, which is usually a bullish month, we might see $70k again or maybe set a new all time high before the end of the year.

I would agree to Bitcoin setting a new ATH before the end of this year, but this month of October, we don't know whether Bitcoin will show a green candlelight as speculated. Because we are having Bitcoin experiencing a decline in price, from $63k at the month end of September, to $60k + price at the beginning of October.

The crypto market can really be positive in this month, but nobody knows the direction we have it be before the end of the month. Making this month to be still unpredictable  towards the Bitcoin price

In fact, the current market is showing a lot of volatility. Right now it's hard to tell what the market is actually going to show us this October, we started October at $63k and then it's down and it's currently at $60k, but it's only the beginning of the month, we can still hope that October Coming to the end of the month we may see something better, we expect the market to be $70k+ by the end of October. Now let's see what happens.

[doc]

Hopefully, we can maintain this phase or hold at this current price. Obviously, our next target could be around $65k-$68k before the end of the year and come October, which is usually a bullish month, we might see $70k again or maybe set a new all time high before the end of the year.

I would agree to Bitcoin setting a new ATH before the end of this year, but this month of October, we don't know whether Bitcoin will show a green candlelight as speculated. Because we are having Bitcoin experiencing a decline in price, from $63k at the month end of September, to $60k + price at the beginning of October.

The crypto market can really be positive in this month, but nobody knows the direction we have it be before the end of the month. Making this month to be still unpredictable  towards the Bitcoin price

In fact, the current market is showing a lot of volatility. Right now it's hard to tell what the market is actually going to show us this October, we started October at $63k and then it's down and it's currently at $60k, but it's only the beginning of the month, we can still hope that October Coming to the end of the month we may see something better, we expect the market to be $70k+ by the end of October. Now let's see what happens.

Looks like we will see the correction and the price of Bitcoin will go down below $ 60K so you should make a purchase when the market is corrected. Bullish season is still long and will occur next year, we should understand that before the Bullish Season Whages will manipulate the market and take advantage of it.

[LUCKMCFLY]

Loss of money in trade is a natural thing, but risk managers in trading are needed so that we can get a higher profit than trade. But all need patience as you say not many people have patience but experience will make them more patient. Because it is also the key to success.

Yes, and that is something very key , at this point it is difficult for me to be patient, I don't know, but whenever I try to have some patience , Anxiety is something that is difficult to cope with, however I came up with a way to control it by doing other activities and since that Worked for me , I do it in almost all the things that have to be waited for, that is a good strategy , when I do that I always look for trading lessons, whether in books or videos , I always use it to improve, and that helps, first of all, to resist the urge to do or wait for the result.