Quote from: Monumental on February 23, 2017, 11:47:49 AM

Quote from: kumax on February 23, 2017, 11:33:06 AM

Quote from: fright on February 22, 2017, 03:28:33 PM

I was new to BTC trading and made a mistake in January, so sold my few bitcoins for 800$, now i just want an opportunity to buy it back and hold for long.
Can we expect a correction to less than 1k$ in near weeeks, months?

Ouch, typical panic sell.. Grin

How could you do it after you saw that btc was over $1100 already in January and everyone predicted it will come back above $1000 within month or two? (I know, it's easy to be smart ass after "the battle" Cheesy

)
Honestly, I think there may be some correction back to $1000 in a near furute, but I don't believe it would come back to $800.

To be honest, it is better to hold the bitcoin for long term.

Sure! People who want to hold bitcoin for a long term are laughing righ now, because they are not bothered if the price will keep rising or fall again. The average value of bitcoin is still growing, so even if there would be a big drop, it will come up back again. My advice is to hold the coin, because in one year, you will laugh at current prices.
The different thing is if you want to do short term trading and want to sell and then rebuy. You can make some extra nice profit on it, but the risk is also higher, than just holding your funds. Wink