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??
For me, It is now better to sell your bitcoin now than in the past month because the value of bitcoin now is high. So if you sell your bitcoin you will have money which you can use to buy things you want to buy like phones, shoes, etc. But if you want to have bitcoin just sell some of your bitcoin and hold the rest of your bitcoin. In that case you can invest the remaining bitcoin so that you can earn money.