Re: Bitcoin Halving and price History Analysis on Chart

Quote from: michellee on October 16, 2019, 03:02:05 PM

Quote from: darthmaul on October 16, 2019, 08:35:36 AM

So basically you are saying we should just buy Bitcoin immediately after halving and then we should hold it until a few years because as far as I can see it takes a few months after the halving for pump to begin.

That is up to you, and you have your money, you are free to buy bitcoin right now or later Grin

But if I were you, I will buy bitcoin every time the price is down, and sell it every time the price is up. But I don't forget to save some amount of bitcoin to prepare for selling in the future because I am sure the price will be at the highest price. We are near the end of this year, and it's only 2 months later we will see the next year, so I don't want to be late to buy bitcoin at a low price.

I think you are right but you know what is the problem here. It's the problem of identifying the highs and lows. I mean you said when price is down how would you determine that price is down? And it won't go more down. And selling when you are up then how would you determine that it cannot go more up. Moreover what if the price goes more down? What your next reaction? Can you tell?