Quote from: Ebede on January 28, 2021, 12:47:07 AM

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

Top Trading Strategies for Bitcoin
One that is ideally aligned to your own individual objectives, risk appetite and available capital is the best bitcoin (BTC) trading strategy. However, with bitcoin traders, there are a few strategies that have become common. They include:
1. HODLing
2. Hedging
3. Trend trading
4. Breakout trading

HODLing- Perhaps what's widely known as 'HODLing' or 'holding on for dear life' is the most popular bitcoin technique. In 2013, when bitcoin's price was dropping and a user mistakenly typed'hodling 'rather than' holding 'to suggest that he would not quit his spot, the word was coined fist. Since then, it has developed into a strategy that revolves around holding a long position on bitcoin in the hope of growing values over the long term and returning to the 2018 peaks. Bitcoin, however, is notoriously volatile, which means that losses may result from this strategy. This is why, without a strict risk management plan in place, the technique is rarely recommended.

Hedging- If they assumed that there would be a short-term decrease in the market price, individuals who already own BTC might consider hedging their bitcoin risk. In order to minimize or remove the exposure to current positions, hedging is the process of opening strategic trades. In this case, by opening a place to short bitcoin, which entails selling the asset for the current market price in the hope that it would fall, you will hedge an established holding. You will then buy it back for the lower price and benefit from the difference if the stock price had plummeted. This would mean that any loss on your original bitcoin holding would be compensated by your short bitcoin trade's benefit. There are a few financial instruments that traders can use to hedge their exposure to bitcoin, but a large majority of traders prefer to hedge difference contracts (CFDs). So, unlike conventional short-selling, which would require borrowing bitcoin to sell, you would never need to sell your bitcoin to put a short sale.

Trend Trading- One that hits consistently higher highs or lower lows is a trending market. The technique is acceptable for various timeframes, since you basically keep your place open for as long as you think the pattern can continue, whether it's hours, days, weeks or months. Bitcoin itself is, for many, a movement. In 2017, it experienced a massive rise in popularity, which caused it to hit a peak of $ 19,763.50 that year in December. The driver of the movement was that the next big thing, feeling what is known as FOMO, or a fear of losing out, was not to be missed by people. It is important, as such a common market, that trend traders stay up-to-date with any news and events that could affect their price.

Breakout Trading- In a pattern, ready for the bitcoin price to 'breakout' from the previous range, breakout trading means joining the market as soon as possible. The strategy is based on the assumption that significant volatility will start once a market breaks through a main support or resistance stage. In order to ride the trend from start to finish, Bitcoin traders will therefore aim to enter the market at these main points. Bitcoin traders will also use volume levels as validation signals and technical indicators, such as the RSI or the moving average convergence divergence, to define support and resistance levels (MACD). Once you have defined these levels, you may open up a role. Tell that bitcoin is actually trading between $11,000 and $11,050. Your technical analysis shows that it will break into an upward trajectory once it reaches the $11,050 price point. So, when the market rises to $11,051, you plan to place an entry order to open a long CFD position. Your CFD will be executed if the price rose to this amount and you could ride the bitcoin trend before your research showed it was going to reverse. Your bitcoin place will never be enforced if the market price did not ever reach the $11,051 stage.

Source: https://www.ig.com/en/trading-strategies/best-bitcoin-trading-strategies-and-tips-190813

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