Post
Topic
Board Economics
Re: buy high and sell low. or hold which one is it?
by
boblets243
on 23/04/2018, 10:08:06 UTC
after this major price correction. i want to see what are your ideas on this. lets say you bought bitcoin 2 years ago. you notice prices were high at 19,000$ should u sell or continue to hold? what are your thoughts after this huge correction?

it is probably too late to sell after holding since the 19000$ correction.
Buy high, sell low is a clear loss. You do the other way around to have a profit. I think the you hold and sell depending on your target profit and based on your analysis on the market trend. The data and instincts plays a vital role on this. If you bought it 2 years ago then probably I have already sold it when the price was on 10k-19k range. Even at 10k price, you have already gained by more than 10 folds.