hallo guys, i am new to trading btc. and days before the bitcoin gold fork, i was advice to sell my btc (which i did) because it was suspected to drop in price few days to come. But surprisingly, from then till this very moment, btc has been on a continuous rise. now btc is at $7000+ and we are getting close to the next fork in mid-nov. DO YOU GUYS ADVICE I BUY BACK BTC AT THIS CURRENT PRICE OR WAIT for a possible drop in price?
The advice you'll always receive is buy low and sell high, I could be wrong but I feel bitcoin is close to the top with regards to its current price, I expect a fall of some extent in the coming weeks, however it is impossible to predict with anything even close to certainty.
There are conflicting opinions with this question. Some people say, especially those seasoned traders to hold them up because although the fork would maybe bring about a slump in the price of bitcoin, it would soon ease up, and bitcoin would return to its normal value. On the other hand, some people say that, it is better to sell them as it is currently in its best price margin in years. So, having said, it actually depends on you, are you short-term or long term kind of investor?
kind of a mixture of both. . . but this very qst is for a short term investment situation