When Bitcoin was introduced to the world in 2009, no one really knew what it was. Fast-forward to a little over 11 years later: Bitcoin now seems to be more trusted with a ton of reputable communities sprouting up. It definitely had its ups and downs in those times, but we’re living in a different time now. Alongside its development in its real-use case aspects, Bitcoin is no longer just an investment tool but it can also be used in daily lives. At the time of writing, BTC’s price is sitting just under 35,000 USD-not its highest, but far from where it came from-possibly indicating that the demand is still high.

Best Crypto Trading Platform

This can lead to more negative sentiment towards the market and more conservative investments. Bull markets are the opposite. Instead of more conservative investments, the market can be more positive and investors may have a more positive attitude. When it comes to reading market trends and getting an idea of where they may go, there are two thought camps: technical analysis and fundamental analysis. Instead of quick price drops, the market sees upward trends.

If you’re unsure about which strategy to use, you can always try each with small amounts. Although they can seem like a trading failsafe, they shouldn’t be treated that way. Stop-losses can be a crypto trader’s best friend. Once you find one you like, you may decide to start investing larger amounts. From there, you can get a feel of how each technique works. These are orders designed to limit how much money you can lose or gain. For example, you can set a stop-loss order for 20% below the price you bought your asset. In turn, the asset will cash itself out once it hits that 20% loss mark, preventing any further losses.

How do you like to trade your crypto?

As for how this demand will be affected once the supply is all maxed out, we’ll have to wait and see. Look at some of the top strategies below and decide for yourself. This is when traders will buy low and hold their coins until they reach their desired price despite the price swings that can happen in between. How do you like to trade your crypto? HODLing – “HODLing” is probably the most beginner-friendly trading strategy out there.

Instead of looking at statistics, they’ll look at the asset’s intrinsic value. Each analysis method represents a trading style. If there’s a coin that they feel like is being undervalued on the market, they’ll put their money into that and hope that their investment grows from there. Hopefully, with all these factors now etched into your trading personality, you can use this as a good stepping stone-something you can use to become a better crypto trader. In this game, knowledge is power. It all boils down to preference, so which camp do you belong in? Since the market is highly unpredictable, there’s no sure fire way to get to the answer you’re looking for. We’re all learning as we go, so you can feel safe with every trade as long as you treat it like a learning experience. Don’t dwell on losses.