Post
Topic
Board Trading Discussion
Re: Your favorite season to trade cryptocurrency?
by
wxa7115
on 01/06/2023, 07:50:15 UTC
Cryptocurrency is risky, and while we are aware of the basic requirements that must be in place in order to profit significantly, not all of us are aware of an appropriate season to trade. Most professional traders prefer the bear season, which, in my opinion, is the best period to conduct critical study on crypto projects, uncover ethical road maps, and invest in them for a possible solid future. The bull season is most likely harvest time; we reap what we sow in the market. Which season is better for trading, the bull or the bear?
I am not so sure about this, investors love bear markets as it is as if everything is going through a massive discount, so coins like bitcoin and ethereum become way more affordable, and with just a little bit of knowledge and the ability to hold those coins for the long term then investors can make a lot of money with relative ease.

However traders regardless of the direction the market is taking prefer a very high level of volatility, this way their short term trades have a higher probability to turn profitable and the profits themselves can be higher as well.