Bitcoin is currently worth around $46,000 each. As usual, most of the altcoins follow suit with some dropping in value and some making spectacular gains, far higher than Bitcoin itself.

It is a rising market, where it starts to feel as though the sky is the limit. I prefer the expression of going through the roof as it indicates a barrier and brings the expectation that there will be a drop afterwards.

As far as making money is concerned, sitting and hodling in a rising market is just asset appreciation. It looks like a good money maker but it’s only real when you sell the bitcoin and realise the profit. It’s a good feeling when the market is rising and you can see yourself getting richer.

However, being a trader is something else. It means studying the different coins, buying low and then selling as they rise to take the profit. It is less exciting because you can always imagine how much more you could have made if you had waited a bit longer.

The harder thing is how to make money on a falling market, something that happens often. It means building a buy and sell strategy that makes use of the relative difference in value between various coins, buying and selling to take advantage of price changes.

How to do it? This is the trail that many of us are hoping to follow. It’s not easy.