Post
Topic
Board Trading Discussion
Re: If Bitcoin drops to $8k
by
CryptoYar
on 14/07/2022, 17:59:57 UTC

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to  sell off all your bitcoin due to FUD.

I'm not going to sell anything/ nor taking any loan to buy bitcoin, just converted my x% of fiat money into bitcoin.

The current price of Bitcoin is $19k and if I see it lower than $15k to $14k I will try to sell it as the price may drop further. But if it goes below $10k I will try to buy as much as I can. Because I believe in Bitcoin. I know all will be well and then BTC will move positively towards its previous position again.
What if after you sell bitcoin takes a big jump to the upside... And you never get that price where you sold, Hahaha.

It could be good strategy, but this is a risky one. In my opinion, you should focus on DCAing.