Last year was one of my best trading years in Bitcoin and it was not because of the huge spike in the price towards the end of the year.
The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000.
I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.
I was wondering what price movement would suit your investment strategy in Bitcoin the best?
I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again?
The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000.
I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.
I was wondering what price movement would suit your investment strategy in Bitcoin the best?
I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again?
Good that you made profit during that bullish run of Bitcoin last year. As we can see the market of Bitcoin, it would suddenly go down after a massive hike. So if I were to invest in it, when it starts to grow I would rather hodl than to buy and sell so that I will not have a deficit when it starts to go down.