I've been examining the price of BTC since August 9 2018. It has been very up and down. By as much as 10% at times.
I was waiting for this next dip of ~10% before buying in and Holding.... but it's looking to me like it's breaking out of the up/down trend of late and quite steadily going up.
I've so far made a string of bad moves involving crypto..
Would you recommend buying in now at around 5720 euro, or waiting for it to (hopefully) dip down to 5400 euro again, as it has many times in the last two weeks.?
Thanks for any advise.
Since you have made so many bad moves then it is the time to change your strategy, you seem to want to predict the movements of bitcoin and then earn money while trading, am I right? But that has not worked, so it is the time to try something different, become a long term holder, the prices are not going to get that much better and if you invest enough money in bitcoin then it is likely that in the next years you could multiply your money many times over if you are willing to wait.
Totally agree. If you are loosing and you keep doing the same thing, this is the definition of insanity. Most people loose by predicting the short term prices. I also got burned many times trying to do that. Just rethink your strategy and find better ways of investing, like focussing on the long term.