Post
Topic
Board Economics
Re: Don't spend bitcoin. Not now.
by
Kevondo
on 25/01/2020, 15:16:57 UTC
With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.
Many people who are old users of bitcoin and the crypto market on the whole are aware of this strategy and they will definitely sell out bitcoin near halving and are going to grab it back when there is correction. They will probably buy bitcoin during the initial stages of bitcoin correction and sell it of or cash it out when the correction is at peak. Basically buying and selling at right time is the base of profits.