Post
Topic
Board Speculation
Re: Price Back to 5,700 and rise more
by
aubert
on 26/10/2017, 13:14:51 UTC
why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)
this is what I taught also too bad that I just  sell majority of my  bitcoins when it was going down a little , I predict it that it will become below $5000 after the hard fork but now it continue to rise above that value , bad move for me well atleast I am ok with the bitcoin price rising since I still have few bitcoins left
Well, that's why so many people always advice not to do panic selling otherwise you'll more likely to have this happened to you, this kind of bear trap often happen to bitcoin and it's a lot.
There always some small dump occur after huge price pump and then it's going back to the ATH again for a moment, waiting for its right time to increase again.
Atleast, you're still gaining profit from the increase of bitcoin price.