Quote from: EarnOnVictor on June 06, 2023, 10:52:22 AM

Quote from: Joshapat on May 29, 2023, 10:37:55 AM

and in my opinion the best thing right now is to buy immediately, if we focus on long-term hold then we have a chance to profit 100x or more but if we make it daily trading then immediately sell when it has a profit of at least 5%.

Imagine those who bought Bitcoin in late March this year, they would be regretting their actions now.

Based on when you wrote this, I'm not sure even sure that's true back then. Bitcoin was only down around -5% from late March prices of $27K to $28K to around $26.5K as of when you made this comment.

I'm referencing this has to me it seems clear a lot of buyers >$25K were actually buying for the long-term, similar to those who bought <$20K. So being down -5% when you plan to hold for years is somewhat irrelevant in the world of Bitcoin, it just means you didn't buy the absolute bottom (which is never necessary either). You can also tell so far based on lack of selling between $25K and $30K for reference sake.

As for your initial TA and now with some hindsight, selling around $26.3K on the basis of price going considerably lower wasn't the worst idea admittedly, as price could have returned to $23K or even $20K etc. My main issue is the lack of "up" signal when Bitcoin broke it's downtrend around $27K. As now there are sellers around $26K that would theoretically be waiting to re-enter the market still.

Overall this kind of reminds me of DataDash, who used to be a very popular YouTuber, but since selling Bitcoin around $24K / $25K last year, and failing (being unwilling) to re-enter again at $25K, looks like another participant who is being left behind. Baring in mind that selling at $25K when price drops to $15K isn't the worst sell either, but failing to buy when price returned to $20K or $25K was a massive error.

So my question, do you still see price returning to $20K or otherwise happy to buy at $30K, if you missed out on $25K?