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.
This is the problem of most people that when there is a slight decrease on btc price they got panic and sell their btc at that price but the need is to be patient if you want profits in this way or sell at profit and rebuy at dip waiting period is less for gaining profits.But if you hold for long term you will surely get profits 100-200 times if the trend continues for coming years.At last investment decision have to be taken by you with knowledge and not trusting any advice blindly by strangers.Use your trading experience and be good at it.