Post
Topic
Board Beginners & Help
Re: ''The End Is Nigh'' trolls and market speculation.
by
VeryTripy
on 06/12/2013, 23:28:55 UTC
Just observing the speculation threads you can trade in exactly opposite ways. Does not work always, but very often.

Panic selling is buy high, sell low, so never put more in Bitcoin than you can loose, or your fear of loosing may lead you to panic sell

Good advice, but I do not think that my nerves are suited for serious BTC trading. I feel like relying too much on luck and too many possibilities. Besides, if you are not dealing with really huge price swings, the transaction fees might eat up all of your profits. And many of us are not dealing with a lot of coins, so the gain would not even be that noticable. I think the best option for new, small investors would be to look for commodities that they need an are able to purchase with bitcoin. Or hold on to their coins and sit through all of the price swings, as bitcoin will become more valuable.