Post
Topic
Board Trading Discussion
Re: Sold my BTC (with profit) , what to do? Rebuy and Hodl? Wait for dip?
by
harizen
on 17/11/2017, 15:52:17 UTC
Yesterday I sold my Bitcoins of 1.21 not at the highest thinking it would go down so I could do a rebuy , seeing a downward trend (-$200), but instead when waking up they were higher for about $200.

I initially bought them for $5500. Now I don't know what to do. If i need to rebuy the same amount it wil cost me about 450 dollars more then when I sold them, thus losing profit.

When SegWitx2 got cancelled and Bitcoin Cash skyrocketed I also forgot to sell and Hodl until I lost  all my profit.

All I can say is move on and make again another journey to your trading experience. Face the risks and learn how to be "PATIENT". The current trend is upward and it was continous so why you think of selling it.

Moving forward.. Since NO ONE knows what will happened, you need some guts again to face all the possible risks if you want to enter at the current price rate. This time, even the trend will be downward after you bought your coins, always goal for "long term" and take advantage of the price decrease by trying to accumulate another quantity of btc's for holding purposes.