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.
Indeed, that suggestion is the most common suggestion. Buy when prices are low and sell when prices are high. It works just as long as we can be patient. We should be calm when the price falls because it will rise again. Provided that we have a strong capital, this can work well.