Post
Topic
Board Speculation
Re: opinions on downward trend
by
nl247
on 15/01/2018, 16:33:55 UTC
When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

It totally depends on each individual. If you are not a trader, there is no point getting out, all you just need to do is to wait it out as there is really no way you would have known if the value was going down and how to follow trend to make your decision and you can end up making the wrong move. Normally if you did not get out at peak, and buy back at dip, there is really no need selling for loss.

Also, during bitcoin consolidation, altcoins usually have a good time, so you can decide to make some profit from them but choose wisely, otherwise, just sit down and keep laughing at how the price keep swinging as you have nothing to worry about.