Post
Topic
Board Trading Discussion
Re: What should we do in the sideways market of Bitcoin?
by
Scarlett7777
on 07/07/2021, 07:56:54 UTC
Stocking up is probably the best thing to do during this time that the market is in sideways because you have a discounted price for all the bircoin out there in the market. Plus it's a great filter for people who don't deserve to get a big profit because these times can make someone easily panic over the fact that the prices are going wild.
There are many situations, and you need to look at the trader’s own judgment. Sometimes, if you don’t judge the short-term trend well, you will lose the original bargaining chips in your hands when chasing the rise and the fall. It is better to lie still, but I still recommend traders I can summarize in the transaction, thinking that only after the real experience can we deeply understand some trading skills, so we in the blockchain circle not only need to make money, but also need to grow, grow in joy, grow in pain. Not having a few days of sleepless experience is not enough to talk about a deal.
In theory, it is true that long-term Bitcoin holding can provide large profits, the problem is that many people fail to do it. Because it is difficult to be
patient not to sell the Bitcoin that we have in the long term, especially holding from 2015 to 2021, I'm sure very few people can do that.
It is not a theory that holding can provide huge profits. I've proven that to myself when I've held and passed on during the bearish year of 2018 and sold some for this year's ATH. And those people who have failed to do that lack of patience and experience which will make them confident that there's something big with what they hold.

Although
there is also because the person forgot to have Bitcoin and just remembered now. So it takes practice and strong metal to hold Bitcoin in the long term,
we must look for strong motivation for our Bitcoin holding discipline.
The motivation is to hold as long as you can because there are limited bitcoins in circulation and more and more countries are adopting it.
Yes, more and more institutions are participating, and some small countries are also participating, which is very good.