Post
Topic
Board Bitcoin Discussion
Re: Share Your Experiences
by
Savemore
on 15/12/2019, 03:23:57 UTC
I have known bitcoin since 2016, what I regretted was that at that time my friends recommended buying some altcoin, when they were still cheap and affordable, unfortunately I didn't buy that and the price increased at the end of 2017, but I took it's as an important lesson not to waste the best moments like that anymore
so  now you are buying altcoin already?specially early this year when the lowest market capitalization recorded after 2 years?

yes, I only have a few altcoins that have a high trading volume I have already bought them like ETH and EOS, I will wait for the moment when the bear market is really over, because I don't want to enter the market without knowledge so I need to consult my friends to get altcoin others are cheaper

many altcoins that experienced an increase higher in the last year but now decrease by 90%, including ETH and EOS. so it's still good to buy it now, just waiting for bitcoin going up because usually, some altcoins like eth will follow the movements of bitcoin. about the experience in bitcoin, I know in 2013, when the price of bitcoin was hype because it reached above $1000. since then I was interested and I get a lot of bitcoin from the bounty when the heyday of the bounty in 2014-2017.
thanks for the advice, but I need to wait for the right time, as we know the price of bitcoin is now back below $ 9000 and it makes me feel uncomfortable, but I will always be on the market preparing to buy some other recommended atlcoin
It makes you feel uncomfortable because you didn't do stop loss. You have poor risks management because even the price got breakdown you still not sell your posistion. I know that many traders are struggling and worrying because of the price of bitcoin, they gut stuck in their posistions and now they have loss in their portfolio. Holding in the year 2017 is a good decision but holding in this current year is not a good decision because the market is bear.