Post
Topic
Board Speculation
New to bitcoin Need some advice!
by
sailman
on 17/06/2017, 01:00:59 UTC
Hi I'm a newbie to this whole thing although I've followed it since My Gox.  I registered with an exchange and bought $1000 a few weeks ago at around $2200.  It went up to 28 and I took some profit and then it started to drop and I got scared and transferred it to my USD wallet and then bought eth.  And also I bought $50 here and there etc.  Bitcoin started to go up again and I bought back at a bigger price then I sold it for.  Then when it hit $3000 I didn't sell because I thought it was going to keep going up.  It crashed and I sold again.  I was trying to protect my original investment and at the end of the day I have $950 in my fiat wallet.  I added up all the fees etc and I've spent $240 on fees etc!  "Buy low, sell high" was lost in the craziness. Now I"m just waiting before I do anything else. Made a lot of mistakes and I"m wondering what is the way to go and is this an investment or a casino??!!  Any input would be appreciated.  My original goal was to buy 1 coin and keep it and another to trade the market.  Thank you.