BTC surged to 12k last night, it was amazing...
12k has been the target for a long-term, it is destined to be broken once before 2020 ends.
However, the transactions now has reached the lowest number. The continuous market in the rest of the year 2020 shall be sideways..
I earned a lot from BitOffer Options today, but in the near future, how shall we set up our trading strategy?
Maybe some stable Bitcoin investment to earn fixed return?
We have reached already $12,000 alst August for just a few days and that seems not so hard it happens again and not so hard also its losses back down to $10,000. I'm not sure how the others thinking about $12,000 this time but I'm not considering as a huge achievement in the market because what most has been aiming by now is to break the $15,000 before we end this year.
The current momentum will surely won't make a long stay, as we all know that but I was then so positive that we ended this year with a strong market trend. If we can manage to hold it for awhile, guaranteed to have a profitable ends waits you.
We need holders to be optimists so that the market can be expected and potential, don't we?
12k to 13k only took less than 2 days, an adjustment is about to happen soon. You can consider short 1X bitcoin or buying put options, like on BitOffer, to hedge your bitcoins when you detect some signs that bitcoin is going to fall back soon. Hedging is an important thing to maximize profits and avoid value loss even you are a long-term holder, or a short-term "buy-low & sell-high" trader.