Quote from: ModGirl on September 12, 2017, 10:58:56 PM

Quote from: fasdorcas on September 12, 2017, 06:15:59 AM

Quote from: stunvn on September 07, 2017, 02:51:26 AM

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You cant make good money if you keep checking weekly charts.

You are right. You need not to check the chart if you have planned for long term investment. On the other hand, if you are trading in it and you want to buy and sell the Bitcoins then you definitely need to keep an eye on the chart so that you may have a better idea of what is going on and that you can decide accordingly.

Selling of bitcoin is not good because if you will sell your bitcoin then you will not be able to make good profit. By holding bitcoin you will have good chance to have good profit but it does not make sense not to sell it ever because people use bitcoin to make profit so sell your bitcoin when you need money and you see the price of the bitcoin getting high.