Post
Topic
Board Economics
Re: buy high and sell low. or hold which one is it?
by
Thirdspace
on 06/02/2018, 09:23:06 UTC
i was holding bitcoin 3 years ago and sold it at 19,500 as it reached the highest price possible on that phase, now that bitcoin drop the price and people are getting panic it is time for me to buy and hold. people get to nervous with bitcoin price they just see the pump and can't accept the dip. Didn't they notice that when bitcoin fall, after that it rises more than triple it fall? if you are new on this community you will be same like others cutting the rope to get out of bitcoin but if you are on these for such a long time i know that you will buy more and never sell.
good move! I didn't sell mine because I don't have much when it reached $19k
but I plan to buy some BTC soon, just can't decide yet at what price I should get them
was thinking at $7k... good thing I didn't do it, would current $6k price is good? but it looks still sliding down Lips sealed
I'm afraid BTC is going down as low as $2000 as predicted in discussion thread 2 months ago

answering the topic title, HODL! buy... buy... buy... If you believe in BTC keep buying even it's dropping...
and unintentionally (perhaps unknowingly) you've executed an investment strategy of dollar cost averaging (DCA) Cheesy
Quote
“What goes up must come down.”
― Isaac Newton
well hopefully it works the other way around too Grin