Quote from: Hypnosis00 on January 16, 2020, 07:08:00 PM

Quote from: btccashacc on January 16, 2020, 04:40:08 PM

If you're holding bitcoin for long term you might specify for how long I should hold my Bitcoin, is it for 5 years, 10 years or so. But if you're holding Bitcoin for short term you should sell them once the price is going up, yeah buy low and sell high. I personally hold Bitcoin as a long term investment, even if the price is going up I don't sell my coins because I have specified the period for holding Bitcoin. when the time comes and the price is skyrocket I will sell those coins.

It maybe we are different, I consider myself as a short term holder and just like what you've said...I sell my Bitcoins when seeing profits on it and buy back again. That was what I usually do and also I feel that it helps me to generate more gain rather than to be a long-term holder. I understand the risk of this and that it why it needs to be smart in doing decision.

Hypnosis00 you are a day trader, or short-term trader, I think both terms are accurate. Your gains depends on choosing the perfect
moments for your trades. I respect your perspective, your profit depends from your daily decisions. But I don't wish to make daily
decisions to buy or sell, I make a decision to be in for a long-term, and for me there is no perfect time for selling Bitcoin for two reasons:
1. I think that every price bellow 500k is too low for selling Bitcoins.
2. If price reach 500k one day Bitcoin will be fully adopted everywhere, I will not have to sell it, I will be able to just use it!