Ninjastic
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Board Economics
Re: Why are you saying wait?
by
Omega Weapon
on 09/04/2018, 16:15:06 UTC
Quote from: VUToken on April 07, 2018, 09:06:13 AM
Quote from: Umar001 on April 07, 2018, 08:59:14 AM
Wait, the  market is not encouraging to sell your bitcoin now, every business men have one  things in his mind, that is profit, so one has to wait to make that profit, buy low and sell high  ⚡️.

"Buy low, sell high" is always the perfect advice. Until you attempt to do so  Grin

But there is true wisdom in this. We are currently low, buy sooner or later. Even if the markets correct due south, there is more potential for growth, than retraction. If you have not sold yet, why short now? HOLD!
If people actually followed that advice they will not get in as much trouble as they do all the time, the problem is that they do the opposite they buy high and they sell low, many people bought bitcoin in December when the price was very high thinking that finally we were going to reach very high levels in the price not realizing that the price was as high as it could be and that it could not go any higher.