Popular Crypto Analyst Explains how to Accumulate Bitcoin

Popular Crypto Analyst Explains how to Accumulate Bitcoin
фото показано с : bitcoinist.com

2019-8-13 21:00

Blockroots co-founder and technical analyst Josh Rager believes that the best way to accumulate Bitcoin is to utilize margin trading and trade altcoin – bitcoin pairs when the digital asset is trading sideways.

Now is the Time to Accumulate Bitcoin

Popular crypto-analyst and Blockroots co-founder Josh Rager recently posted a Twitter thread detailing how to accumulate BTC. Rager compares margin trading versus altcoin trading and suggests that “Both of these strategies can be used to accumulate more Bitcoin.” 

According to Rager, use of low leverage margin trading is best applied when the crypto-market as a whole is in a downtrend or when BTC is steadily outperforming altcoins. Rager suggested that minimal leverage like 5x to 3x on Kraken can be applied when “Bitcoin pullbacks in a macro uptrend, especially when alts make new lows vs BTC”. 

Alternatively, the strategy of “flipping alts” can also be implemented when the leading crypto consolidates and trades sideways for a prolonged period of time. 

When Bitcoin Consolidates, Altcoins Find Support

First, one would need to confirm that Bitcoin is trading within a defined range, then watch various altcoins to determine whether they are finding support. Rager then suggests that “buying at confirmed support with a stop-loss below” is a fantastic way to accumulate BTC on altcoin-to-bitcoin pairings. 

Savvy investors will note that altcoins have taken an absolute pummelling since BTC began its parabolic rally from $4,000 to $13,800. Furthermore, as Bitcoin topped out at $13,800 and sharply corrected as low as $9,100, altcoins took another beating and many are now at or even below their 2017 lows. 

Throughout the ramp-up to $13,800, Bitcoin dominance rose as high as 70% and currently sits at 68.8%. Therefore, investing in altcoins at this point is extremely risky as they could continue to depreciate if BTC rallies or corrects. 

HODL is the Safest Path to Riches

Rager appears to acknowledge this and admits that he prefers to utilize minimal leverage “in this current market until altcoins show to outperform Bitcoin.” The analyst also suggests that simply buying and holding Bitcoin could be the most sensible option for traders who are wary of altcoins and not confident enough to trade with margin. 

Hodling BTC has proven to be one of the most effective trading strategies as demonstrated by a fairly blunt tweet by Rhythm last week: 

Do you think it is wise to use leverage while trading Bitcoin? Share your thoughts in the comments below! 

Images from Shutterstock, Twitter: @Rhythmtrader, @Josh_Rager

The post Popular Crypto Analyst Explains how to Accumulate Bitcoin appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67021.12 (-0.16%)
Объем 24H $15.847b
Изменеия 24h: 0.12 %, 7d: 9.98 %
Cегодня L: $66856.94 - H: $67251.24
Капитализация $1320.335b Rank 1
Цена в час новости $ 10397.26 (544.6%)

accumulate bitcoin trading popular rager analyst co-founder

Источник: bitcoinist.com

accumulate bitcoin → Результатов: 46


Джош Рейджер рассказал, как увеличить биткоин-активы при помощи плеча и альткоинов

Крипто-аналитик Джош Рейджер поделился базовыми принципами увеличения активов в биткоине при текущей ситуации на рынке. В своей публикации Рейджер сравнивает торговлю с плечом и торговлю альткоинами и заключает, что «обе эти стратегии могут использоваться для аккумулирования большего числа биткоинов».

2019-8-13 11:18


Max Keiser: Buffet’s Right, Bitcoin is Rat Poison and He’s the Rat

As part of a typically-impassioned media appearance, RT’s Max Keiser has once again claimed that Bitcoin will outperform every other asset on the planet in the relatively short term. The presenter and perma-bull believes that institutions wanting to get into the industry will drive the price skywards as they accumulate the necessary inventory to offer.

2019-8-7 02:00


Фото:

Whale Watch: Large Bitcoin Cash Holders Accumulate 1 Million BCH Since February

In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($101 million), showing another large migration not seen since last February.

2019-4-13 04:15


Фото:

Here’s How Much Bitcoin Countries Need to Replace Their Gold Reserves

New research from a digital asset management firm estimates the amount of BTC governments have to accumulate if Bitcoin were to replace the current gold reserves. ‘Governments Have Some Accumulating to Do’ Digital asset management firm Blocktown Capital has estimated the amount of BTC governments would have to accumulate if Bitcoin were to replace the current gold reserves.

2019-4-9 22:00


Фото:

Blockchain Board of Derivatives (BBOD) Rates Cardano (ADA) As ‘Accumulate’ in Its Fundamental Analysis

Cardano (ADA) is a decentralized blockchain protocol that addresses the challenges gripping existing networks by utilizing scientific research and philosophy at its core, said the Blockchain Board of Derivatives (BBOD) on its official research blog that analyzes a number of blockchain projects published on April 2.

2019-4-5 15:34


Фото:

Research: Following Crypto Whales, Bitcoin Retail Investors Began To Accumulate

Bears decimated the Bitcoin price in 2018. Throughout yesteryear, the value of BTC fell by upwards of 70%, as blood flowed from the rotting carcasses of the crypto bulls. However, retail investors in it for the long haul have continued to squirrel away cryptocurrency holdings, even as this nascent market remains in a tumultuous, unpredictable state.

2019-2-27 17:07


Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin

According to several reports, crypto mining giant Bitmain is running out of funds. And it could be bad for Bitcoin Cash and Litecoin. $315. 5 million worth of Crypto-Assets Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets to accumulate fiat-funds for its business operations.

2018-12-26 17:27


Litecoin Founder: Dollar-Cost Average In, Accumulate Crypto Now

While crypto prices may have ostensibly kicked the bucket, there are some optimists who have done their best to disregard prices, focusing on the adoption and development of this space instead. Charlie Lee: Long-Term Price Of A Crypto Indicates Levels of Success Ever since Bitcoin’s mind-boggling run, from $1,000 to $20,000 and subsequent decline, CNBC’s “Fast.

2018-8-28 14:00


Фото:

Airbnb, Uber Investor Believes “Everybody Should Put Something Into Crypto”

Jeffrey Wernick, an independent investor who claims to have begun purchasing bitcoin as early as 2009, recently advocated that “everybody should put something into crypto. ” The investor also criticized the current financial system, describing cryptocurrency investment as sole viable means through which “a typical middle-class person [can] accumulate wealth.

2018-7-28 02:45


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Just In: Craig Wright to Cough Up $658K in Court Fees

The estate which accused Craig Wright of stealing $10 billion worth of Bitcoin from his deceased partner, Dave Kleiman, is asking him to cough up about $658K in court fees. The declaration appears after Magistrate Judge Bruce E.

UN: North Korea Cyberattack Methods Revealed

Following revelations that North Korea amassed $2 billion in cryptocurrency for weapons programs, a new report discloses further details.  According to the United Nations, it is investigating a total of 35 North Korean cyberattacks in 17 countries.

A Bumper Bullish Week For Bitcoin

You know those weeks when the world just seems to be on your side. Everything goes right, and even seemingly unrelated events conspire to work out in your favour? Well Bitcoin just had one of those weeks.

Cryptocurrency Security Threats Are Keeping the Market Down

From the start, Bitcoin has been seen as something of a ‘behind closed doors’ asset. With SilkRoad and other black market sites been heavily Bitcoin dependent, the image has not been good.   While this has begun to change, and the general public has started to hear more positive reports, things are still touch and go.