Post
Topic
Board Bitcoin Discussion
Re: What should we do in the sideways market of Bitcoin?
by
CryptopreneurBrainboss
on 04/07/2021, 19:03:39 UTC
***

It can go two ways, the first is quite riskier as the market can leave you behind at any moment and you can lose all as well make some decent profits especially if your predictions are right. Those that have been trading Bitcoin during the weekends, in the last couple of weeks hasv already made a decent amount of profits as from the charts excluding this last weekend, Bitcoin has always dropped in value.

Now if you don't have experience in trading and also haven't perfect the skills then Dollar coat averaging is another way to go about the market. In simple terms it requires you buying in batches and holding instead of going in at ones. This strategy gives rooms for opportunity of buying more incase there's a decline in price after you have already bought some.

Both strategy can be used effectively and you'll come out profitable in the market. While accumulating and holding is more advice is because it's the easiest of them all and more secure in regards to profiting although you have to be patience for the market to recover.