Quote from: MrBigHang on February 22, 2018, 02:01:44 PM

Quote from: sabriel on February 22, 2018, 01:48:38 PM

MrBigHang, I bought in about $8800. It is a bit worrying. I'm not sure if i should be putting in a sell just before it hits that or not. I wouldn't want caught in a trap and sell, then a second later it reverses.

Sounds like you are trying to day trade. Looking at the charts daily means that you are day trading and you will lose. Everyone pays tuition day trading and tuition these days are high. Day trading is an emotional game and it sounds like you don't have the stomach for it. Bitcoin doesn't go up in a straight line.

If this is a true investment, you'd buy and forgot for a year.

Doesn't sound like daytrading to me, its healthy to want to protect your investment. You don't know the future and although everyone keeps saying Bitcoin will reach astronomical heights 20k might have been its peak for a long time or forever. I don't daytrade but I'm also not a fan of this ''hodl'' strategy, I sold before the big crash and I bought back in when it was 6k, a good time went over these two decisions so its not exactly daytrading, I'm protecting my investment.