With the unstable increase and decrease in bitcoin is it a good idea buying, selling or holding now? Like yesterday I saw it hit $19,000 on coinbase but today it stands at $16,000
Market's volatility makes bitcoins more profitable, if the market will be always stable then there will be no traders that would exist today. The reason for bitcoins to rise its value is because of the consumers that keeps on investing and low amount of miners who sells in the market so do not worry if your coins value is decreasing because that's normal.
And bitcoin isn't reallynfor day trading asnfar as i'm concerned and i'm sure many will agree. If you have btcs, and you see the price plunging drastically, close your app.or your browser and do other things. Bitcoin's volatility has heavier effect since it's the biggest crypto right now. Patience be your best weapon in these cases
Best advice ever, I think. Yes, we are often terrified when we heard things as bitcoin was banned or saw that bitcoin price goes down costantly. As a believer of bitcoin, I will close the browser amd try not to look at it every single hour. I will wait for its price to goes up again.