Post
Topic
Board Economics
Re: Don't spend bitcoin. Not now.
by
KnightElite
on 29/01/2020, 16:42:02 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.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.
No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).
indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.
Not unless you are a day trader where you are scalping and trying to earned from the market condition, but if you will use bitcoin for your personal
it's best to use regular fiat or other digital money instead. The momentum is getting much stronger and who knows what will happen in the next following months or years, it might reach another high.
I do not spend my bitcoin or hoard it in my wallet because I'm a type of person who wants to trade it than to hold and spend it. Just like what you said, the bitcoin is now having momentum again and we can see it by just looking at the chart because the body of the candle stick is now big and there are now massive volume again. I only plan to sell it when the uptrend snaps, halving is now also near but I do not still think that it can be a catalyst in the price of the bitcoin.