Post
Topic
Board Trading Discussion
Re: I wish I dump all the BTC in late DEC 2017
by
beerlover
on 22/06/2018, 15:42:03 UTC
what a year, wish I dump all the coin in late DEC lol

and today, spend the 100% from that capital and bought it again, so u still holding the same amount as late DEC while steady with the 900% profits..

Oh come on.
What if I bought BTC when it was under 10$ and sold it when it reached $20k?
You didn't know what will happen, made the wrong decision and that's that.

Exactly, no one knows when we were going to see a reversal in the price of bitcoin, we knew it was close but that was it, besides as long as you bought your bitcoin before October of that year you made good profits, I have been holding for longer than that and even with the crash I am sitting in some good profits but with the price this low it is obvious I'm not going to sell now.
That is why we have the trend anyway but one thing I know is that there is actually no way we can know what is coming and what is not which makes it very hard to know what decision to make most of the time and most especially when one is not a trader in the market.

However, holding is never a problem for those who do not always know what to do in the market since there is no way a market will never reach its bottom and bounce back from there anyway, which makes me believe that the best thing to do is to hold and buy more in the cases of dips in the market.