Post
Topic
Board Trading Discussion
Re: Professionals traders' opinion!
by
LogitechMouse
on 12/10/2018, 13:07:41 UTC
Like me,  many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss.  As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.
Those who bought Bitcoin in the peak season of its price are definitely suffering at a loss at this moment. I'm not a professional in trading but I think my thought and advice for these buyers who bought at peak is just hold it if you can't take the loss if you sell it at its current price now. If you sell it now, you will suffer a massive 200% loss (I think - not good at math Cheesy).

If you believe that Bitcoin will have its mass adoption in the next years then just hold it and accumulate. Some are saying that we must not hold bitcoin, we must use it blah blah. I agree with them but we need to have profit so in order for us to get profit, we need to hold bitcoin  and sell it at the right time.