forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.
Everyone lost money like you when it all started so be patient. If you keep looking at those that will tell you that a bull run will happen tomorrow or next then you will be deceiving yourself because none of those people saying that can actually predict what it’s going to be.
Unless you’re a day trader you can actually be following some day and weekly analysis that depends on support and resistance to predict the next move, but there is no hundred percent assurance that it will go that way, so it’s all two ways. And if you’re going to be a HODL’er, then go ahead and have patience, you never know when it may be, but the more the demand is increasing as I am seeing it there will be more possibility of a bullish market being triggered.