Through this article I would like to give you some basic tips and tricks that can be used by Bitcoiners to gain Bitcoin trading benefits!
Many traders of Bitcoin who were previously forex traders were a little confused when they first tried to participate in the Bitcoin market. Bitcoin trading is very different from forex trading because of the way trading even though it is different. If from forex we know 2 terms: Long and Short. Long is targeting price rises to get profit and Short is targeting the price down to get profit.
While in Bitcoin trading it is much more like buying and selling goods online that is BUY and SELL. BUY means actually buying goods in the form of Bitcoin and SELL means actually sell goods in the form of Bitcoin. So that the profit is simple only the selling price minus the purchase price. So there is no term Margin Call and PIP in Bitcoin trading. The existence of selling profit or loss.
In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.
Positive market conditions mean there is a tendency Bitcoin Prices continue to rise throughout the day. For example this morning the price is 300, a few hours later the next 380 410 and so on. In this condition Bitcoin trade tends to be easy. Why ? because you simply buy at a cheap price and sell it at a price slightly higher than the purchase price. Just enjoy the profit until the market rise is finally saturated then you should stop buying and wait for the price to fall back.
Well this is the most feared merchant Bitcoin. What if the price tends to go down? This morning 420, a few hours later 410, a few more hours 400? If you try to buy and then try to sell at a price higher than the previous purchase price would certainly be a loss because no one wants to buy your Bitcoin well above market prices unless the buyer really needs it. Remember the buyer is also a smart person who knows how much to buy a decent price when buying.
But the market conditions that tend to fall in fact if we are enough SMART has its own advantages.
Stagnant market conditions tend to be boring but this has its own advantages for small medium traders. Why ? because the price is very predictable! Simply put a net buy price at low and the selling price is slightly above the purchase price then the gain in earn. Repeat every hour. The bitcoin market tends to be like playing ping pong - tick tock tik tok tik tok. Each tick of his token is the sound of your profit