Quote from: YOSHIE on October 04, 2024, 01:02:05 PM

Quote from: HawkTrader on October 01, 2024, 02:46:24 PM

What trading strategy is the best this season?

If you see and monitor the development of the crypto market, especially in trading, if you ask the best strategy to do in crypto trading, for me spot trading is the best and can be profitable, if you understand spot trading methods and strategies.
Bitcoin price in the last 24 hours was at $59,878 and rose to $61,737, automatically you have pocketed a profit of $1,859, in a matter of 24 hours, and so on.

So, from my perspective, in the last few months Bitcoin has gone down and up as I said, the difference is between $1000-3000, so for me spot trading is the best strategy at the moment.

Isn't spot trading a type or variation of trading only? So it's not something that we can considered as a strategy. In spot trading, there is rather a strategy, and that strategy can be buying at lows and selling at highs, or buying at highs and then selling at highs as well. The OP is asking, so he doesn't understand it yet and we never know that a strategy is best if we don't figure it out ourselves.

On your first example there, I think it can also be done through investing (preferably a short-term one) but in fairness the profit you have shown there is already good enough even for the short term, although it only requires us a full BTC investment/amount which may not really be accessible for an average individual. This is what they say that huge risk will also lead to huge rewards but that is still not advisable because what if it fails, right?

We will then face a huge loss too that can be unbearable for us already. It's not only in your perspective and not only limited to last few months but BTC can really have that up and down movement even at most times. Hence this is why it is called as a highly volatile crypto. Overall or like I said earlier, spot trading is I won't say the best strategy but it is the best policy for those who are still starting in trading.