Post
Topic
Board Speculation
Re: Sell or wait?
by
severaldetails
on 24/02/2017, 09:55:13 UTC
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.

Now bitcoin about $ 1200 dollar, and i think that number will not stay too long. When panic selling happen like last month you should as soon as possible to cut your loss. Actually cut loss is not really loss your money, otherwise it will minimize your loss. After cutting loss buy back at stable level that potentially the price go up again soon.

Right now I see no sign that the price will start falling again, so I would not sell.
But of course the price can't increase like this forever. Very soon we will see a correction on the market.
At the moment it is the time to follow the price developement permanently, in order not to miss the spot when selling might be wise.
And buy back later at a lower level.