Re: Current Crypto Market Outlook and Futures Trading Opinion
I don't trade futures currently due to hitting multiple stop losses. I trade spot instead, making modest profits because I've been able to get a 50% discount on fees using Bitget's Telegram mini app which I don't even know how long that will last. So, I've been considering going back to Futures trading because I want to take a full advantage of this bull market.
Bitcoin futures carry a much higher risk; you could lose everything in just a few minutes or even seconds. I believe the best approach is to buy Bitcoin from any preferred exchange and transfer it to a cold wallet until this bullish cycle ends. 2025 will be the year of Bitcoin. Yes, I’m bought in.
Especially with how it fluctuates now - it's better yet to avoid futures on BTC
I do think we will see correction of the price pretty soon, and it won't be good for those who long BTC for sure..