Post
Topic
Board Trading Discussion
Re: When is the best time to trade a Bitcoin
by
SOKO-DEKE
on 06/04/2024, 07:58:56 UTC

Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.

At this moment, the halving of the Bitcoin period is very close to happen. After halving, what people expect is a bull run, indicating that the price of Bitcoin will surge. Holding Bitcoin now is significant, potentially leading to profits. However, realizing profits from Bitcoin investments requires a solid plan. Set a target price for your Bitcoin before cashing out your profits. Once the price hits that target, take your profits. It's crucial to avoid greediness; otherwise, you might find yourself back in a bear market.

Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it

From the history of bitcoin investment, it is clear that people who are always patient enough and able to hold their bitcoin investment for a long time. They are people making a reasonable amount of profit from Bitcoin. If someone really needs reasonable profits from their Bitcoin investment, it takes patience. holding Bitcoin for the long term and making a huge profit from it. Even if a depreciation in the value of exchange happens, you will hardly lose. 
 


So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.

It is not that easy to make profits from just a day-to-night period like that; you may buy during the day, and the price may continue to drop even over a week before it gains back. Thinking about trading it that way may not work as you are thinking of it.