Post
Topic
Board Speculation
Re: New to bitcoin Need some advice!
by
duke944
on 04/07/2017, 17:04:34 UTC
I bought back in when it was 2588, but by the time it executed, it was 2614.  I waited a week before I bought in again just to watch.  And then it sunk to 2423.  But I didn't panic.  Now its back up again and my plan is to sell at 2670 or so if it gets that high and then wait again and buy in when (if) it gets around 2400 again.  Then hold. I'm not going to sell for a loss again.  

"I'm not going to sell for a loss again." Lmfao.
If it dipped below $2000 it would feel like somebody cranking your arm behind your back. The lower it goes the more you would be likely to panic sell, which you would do if it really crashed.
The problem is you are holding coin bought at current prices, instead of holding coin bought below $500 or even better yet profit coins. Playing in todays prices would be extremely hard, I know I couldn't do it.
Best thing I could suggest is either sell and wait for a big crash and buy in then, hold and don't watch the price - just assume your money is gone and look at it in a year or so, or hold and try to find a shitcoin you can make btc with. Just trading btc is way too hard for anybody buying for the first time with today's prices.