Post
Topic
Board Speculation
Re: You'll sell at the bottom
by
lottery248
on 19/01/2017, 11:06:37 UTC
probably not. Tongue because new bitcoin panic buying wave is arriving from China if that region is being tagged as currency controller (kinda).
When you decide to sell, be it today or tomorrow or whenever, chances are you will sell at the bottom. This will cause you massive depression, way worse than not selling at the peak to rebuy cheaper.

Buy and hold, or risk selling at the bottom and losing your position.  After this dip stabilizes, we are going $2000.

What do you mean? ... Mmm there are only two kind of traders, daytraders who need to be in front of the prices all day and long time investors who only need to invest big, wait some months and see their coins multiply without doing anything.
let's see if they do something epic. Roll Eyes
Who?  If it is the long time holder, well I think they already did something epic, by holding Bitcoin until the time Bitcoin reach $1k+.  Remember those who hold Bitcoin after they bought it at less than $10?  I think history have the capability to repeat itself.  Just like the Bubble of 2013 and the price surge of 2016.  Though they have different base price when they burst.

if you wanna know who, i would think chinese people would do, because chinese government as i had told (if you know) had attempted to make overwhelmed selling of the CNY illegal at one point, and now forcing people to buy CNY, as well as constraining the capital flow to prevent their currency vault (similar name but i don't know) going empty.