Post
Topic
Board Speculation
Re: opinions on downward trend
by
aardvark15
on 15/01/2018, 16:36:26 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?


I choose to wait it out, but there is no right or wrong answer.  I’m always confident that Bitcoin will recover, but if you think you can time the market, there is nothing wrong with selling to buy back lower or trading to buy cheap altcoins.

One thing that makes me do less trading and more holding is the new tax law in the US where we will be taxed on every trade even between cryptocurrencies.