Need help understanding selling..I have been reading on Bitcoin till my eyes bleed!..Please tell me If I am oversimplifying this...I buy a whole bitcoin on Coinbase..Hypothetically for 6k..I watch the graph and it goes to 7k all in the same day.I sell my Bitcoin @ 7k.. and just made a $1000.00?..Then can I turn around and buy another whole Bitcoin if it goes down again??
Yes you can still buy a whole bitcoin if it goes down again. But for the reason, you should have not sold your bitcoin as it has grown to $10k already. You could have made $4k if you just been patient on your bitcoin. Then again if you can buy another whole bitcoin, i could only suggest you to hold it until you feel like you have profit for about x2 or x5 of your investment.