Quote from: smyslov on January 15, 2021, 12:32:56 AM

Quote from: erikoy on January 14, 2021, 10:51:27 PM

It will becoming more volatile once bitcoin supply move a little like people buying or selling since almost all supply had been already liquidated then bitcoin market price will be greatly affected. Well, this is actually good for the day traders. But I would not be suggesting to any newbie wanted to become a day trader because bitcoin market price prediction is very difficult to predict. However, others are earning in day trading due to the fact that they are having bots working for them to trade automatically for them.

It really is very difficult to predict now, the saying that only invest what you can afford to lose is very much true nowadays, don't expect things to be profitable everyday learn when to sell and accept the fact that you can lose a lot in any given day, now that the price is spiking it's very important to fully analyze the situation.

That is the problematic situation with bitcoin right now, so many people made money from bitcoin right now that people basically all looking at all that profit and it is hard to be careful. Many newbies sawed that people made tens of thousands of dollars profit, make 10x returns from coins like ethereum, and they are all considering why shouldn't it happen again ignoring all the fact that economy is not something that increases non-stop.

So obviously everyone should be careful, it is not going to be easy for them to see everyone making that much money but hold themselves to a slower pace and try to make some profits while taking their times and doing all the DCA and rebuying and that type of smart decisions until they end up with a decent situation instead of risking everything they have to make profit like early investors.