Post
Topic
Board Trading Discussion
Re: Wait for higher profit or sell and buyback?
by
harizen
on 01/06/2018, 17:18:43 UTC
I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

If you are having difficulty doing some buyback then refrain from doing it and focus on hodl.

More importantly, patience. If you are holding a certain altcoin and some bullish activity happened to the extent that it was a very very good price, don't hesitate to sold. It's fine if the price goes up high more the next day because in most of the cases, someday it will be crashed soon and will established their correction price. That's when the time you will do again another buybacks. But again, it takes patience and take note that "NOT" all altcoins are having the same price volatility. You really need to do some analyzation in every coin and have the guts to challenge the risks.

On the other, if it's all about bitcoin, then just do hodl (since you are having difficulty on buy low sell high system) and take advantage of the price decrease by adding quantities to your stash.

It may be sound difficult but just continue to build experience. Soon you will learned how to deal with your concern.