hallo guys, i am new to trading btc. and days before the bitcoin gold fork, i was advice to sell my btc (which i did) because it was suspected to drop in price few days to come. But surprisingly, from then till this very moment, btc has been on a continuous rise. now btc is at $7000+ and we are getting close to the next fork in mid-nov. DO YOU GUYS ADVICE I BUY BACK BTC AT THIS CURRENT PRICE OR WAIT for a possible drop in price?
The advice you'll always receive is buy low and sell high, I could be wrong but I feel bitcoin is close to the top with regards to its current price, I expect a fall of some extent in the coming weeks, however it is impossible to predict with anything even close to certainty.
That's right, and since Bitcoin is not doing good right now in terms of its value as it plummeted around 6.4k dollars. I am pretty sure that you won't get any return if you sell now. In terms of buying, even if I would say that it's a good time because of the fact that the prices of most coins are low, if you don't have a capital to spare, then just stick to what you have and wait for the time when the coins in your portfolio would rise back up. Adding more liability in this unpredictable market would be a bigger burden to carry for those who doesn't have enough to use as capital.