Re: What kind of price movement do you want for Bitcoin?
Last year was one of my best trading years in Bitcoin and it was not because of the huge spike in the price towards the end of the year.
The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000.
I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.
I was wondering what price movement would suit your investment strategy in Bitcoin the best?
I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again?
I have invested in many other investments also and I am completely aware. of this thing investment is not like a magic wound that prices will reach that sky high in a single day, it is the investment and will take time to inflate and there will be no surprises if the valuation will deflate also but if you want my personal opinion that how would I want that how the prices should move then I want that it should move slowly and weekly so that I can get maximum advantage.The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000.
I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.
I was wondering what price movement would suit your investment strategy in Bitcoin the best?
I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again?