Post
Topic
Board Speculation
Re: Why Is Bitcoin Price Increasing?
by
Poker Player
on 07/10/2023, 05:50:34 UTC
This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not.  Lips sealed

I would consider this the worst decision or advice this year...
I think he may be suggesting it can better to sell now for buyback later at lower prices.--

I agree with Texac. This is the worst advice I have seen on this forum so far this year. Not only is it bad advice in general to try to time the market, but to do it now is even worse. No one can know if the price is going to go back down although at the point we are at it would make more sense for it to go up gradually.

The best thing to do is to invest in Bitcoin for the long term and forget about these movements. If you sell and see that the price does not stop rising, what are you going to do? Buy more expensive? It is better to DCA.