3 Reasons Why Position Trading is Your Best Bet in the Bitcoin Bull Run

By CCN: Many who trade and invest in bitcoin and other cryptocurrencies share the ultimate goal of maximizing gains in the incoming bull cycle. To achieve this end, market participants employ a myriad of tactics including scalping, swing trading, breakout trading, and even day trading. While these strategies can work, it is important to understand that only 6% of the people who try to be professional traders make the cut.

Unless you’re already a pro, you’re better off using an easier and virtually stress-free trading approach known as position trading. In this article, we reveal the three reasons why position trading is your best bet in this bitcoin bull market.

Position Trading Maximizes Gains for Assets with a History of Unleashing Astronomical Profits

As a position trader, you hold onto your positions for months or even years until your target price is met. You do not care about the daily swings or even a brief period of correction. This strategy is perfect if you want to supercharge your wealth by investing in bitcoin.

Historically, every bitcoin bull market has seen the cryptocurrency generate astronomical returns. These are the leaps made by the cryptocurrency in every bull cycle:

  • 2011 – 2012: 312,000% surge
  • 2012 – 2013: 13,000% surge
  • 2013: 2,200% surge
  • 2015 – 2017: 11,000% surge

History is telling us that in the incoming bull market, bitcoin can meteorically rise by as little as 2,200% or as high as 312,000%. Using the 2018 bear market bottom of $3,250, bitcoin has the potential to skyrocket to as little as $74,750 (2,200%). On the other side of the range, the cryptocurrency can climb as high as $10,143,250 (312,000%).

Bitcoin’s potential to generate massive gains in a relatively short period of time makes it a perfect candidate for position trading. The simple buy and hold strategy all the way to the top will help you maximize profits.

tuur demeester tweet

Adamant Capital published a note on bitcoin’s surge.| Source: Twitter

Position Trading Reduces the Need for In-Depth…

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