Post
Topic
Board Bitcoin Discussion
Re: Methods of growing your Bitcoin?
by
lorylore
on 28/08/2015, 21:26:23 UTC
If you bought bitcoin before some days when it was extremely cheap then you can see the profit these days to sell all of them.
Or you can hold even more longer maybe bitcoin price will increase much more.
The hardest part is you dont know when the right time to buy or sell is, since we dont have any idea what will happens in future.

sorry im new here. can someone explain what a sig campaign is?
As a newbie, actually the first section you should visit is this https://bitcointalk.org/index.php?board=39.0 Good luck Smiley

The right time to buy is when the price crashed and when you see that the bitcoin price has dropped for example -14%(red) this is the best time. And wait for weeks or days depends and sell it when the price increase for example +5%(green)
And what if its price wouldnt increase again? I just saw some people bough bitcoin few days ago when its price was going down, and the next day its price still decreased, and made them be panic, so they decided to sell it back, rather than get more loss.

This is understandable, if you join the trading world this is normal. Prices sometimes goes up and sometime goes down. "Buy low and sell high" it is all about how much money can you risk. I know it is for panic. But it can increase again at least at the price they bought the bitcoin you said. It's so much tricky, so must be careful every time.