Quote from: Mia44 on November 18, 2019, 09:04:29 AM

Quote from: paramorel on October 23, 2019, 03:06:26 PM

Bitcoin is back down to $ 7500 and altcoin is also following Bitcoin, is this to buy BTC when it is going down badly or waiting for the price of $ 7,000,

Hi paramorel, Thanks for your opinion about the price of BTC, but i think it still too high, the best price to buy is $5,300 or maybe lower. The reason is the buy volume is not reallly good now, only the sell. The pump to $10k is not from the sharks, it because the fomos of Chinese, so I think it should retest $5,000 before pump

And can you share the reasons why the buying volume is not good now, and sell is? Do you have any arguments for your opinion? What you are suggesting with your post is shorting, sell now and buy again when price drops more. In the past we have seen situation changing in hours. One huge buy order push the price and people start buying, but for many it will be too late, cause you wait too long for buying. With bitcoin trading you can have fun, you can try what ever you want, there are no restrictions, but price have its own way, and many times cause of waiting we lose a good opportunity for buying.
Shorting doesn't work all the time, you will see that. I think we are not going back to 5k again, in couple weeks we will see what will happen.