@rouf553 Hi, I'm full time Bitcoin Trader. So, interested to learn more about trading. 5% profit on every week is my target. I know there are lot of people in this forum have their own analysis on Bitcoin Price.
Please post your thought about the Bitcoin price on Next Monday.
1 BTC = ? on next Monday.
Thanks
I'd check your math. Expecting 5% weekly is a crazy optimistic. Calculate what the annual interest rate would be if you were actually able to get 5% weekly compounding!! Crazy right! If you were going to buy and hold bitcoin for a year expecting that kind of return you would need bitcoin to be worth around 7k by the end of one year.
So to make that kind of return you would need to time buys and sells perfectly. Just know that there are lots of people trying to day trade bitcoin and more than half will do worse than buying and holding (I'm assuming that Whales have better odds playing the market).
Do some research, think about all of the whales day trading who can actually move the markets with the weight they have and honestly think about whether you can outperform them. If you know what you're doing go forth and make your millions. I just wanted to give a fair warning. I've seen many people lose their hard earned money because they didn't fully understand the game they were getting in to.
This needs a +1. Great advice. Whales colluding with other whales or using inside info are the ones making money day trading. Otherwise its quite a gamble.
Hi, My target is 5% profit weekly but I can't make profit every week. I also know it is very hard to make continuous profit from every trade. But trying all of my best.
