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?
I want the price to improve constantly regardless of the more or less increase but increase trend will make the market go smoothly. In this way the mindset of those who are considering the Bitcoin odd towards economy will remove. Moreover the price predictions will be highly accurate in this way and people will invest without any delay. So, constant price has better impression.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?