I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
No you're not wrong because patience is the best strategy now. I mean just like you what have mention why would you sell you bitcoins at low price isn't? I think that was a bad idea. Bitcoin will definitely go up hence, we should be patience and keep holding until it goes up again, for now this the only way I know to survive.