Beijing market is in meltdown, so expect some temporary gains in Bitcoin. Next few hours will be interesting.
But we will be back to 230 by Friday.
If that is the case you should be more than happy to take 10 bucks over your spot price then, after all, giving you 10 dollar profit.
More profitable to sell at 290 and buy them back at the lower price. If you are a hoddler, then you may not get that.
What this holder doesn't get is how you can be so sure it's going to be appreciably lower on Friday, let alone all the way down to $230.
Sounds like a typical beartard pipe dream.
If it goes down to 230 or below I will gladly toss in more than me weekly 3% I normally do. Heck, still waiting on the sub 200, I got very lucky earlier this year and caught the crash below 200 and happened to have money to buy a little bit. IMO, a return on my 1.5 BTC buy has shown great return if I have to cash out now. More than if I had put it into a saving account for sure.