Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 30/11/2017, 14:57:43 UTC
should i buy now or wait?

How much risk are you willing to take? And how long can you keep hodling if the price tanks down to the $6k range or worse?

It all depends on these kind of things, the market can go both ways so you better have a good plan on where you are heading.

People were word for word saying these exactly same things in 2013. Just lop off a zero at the end of the price.

But if you had bought then anyway regardless of the price (like many of us did) and just forgot about the price for a few years, then you would be where we are today.

That's why I advise new people to just buy a little right away. Then watch the markets direction and buy some more later on. Then forget about the price charts and HOLD as a long term investment (think years and years, not months).

Also, note that holding for years will test your mettle. Just pretend its in a vault and you can't access it, lol.