Quote from: aylabadia05 on Today at 04:17:14 PM

Quote from: edward500 on Today at 02:01:06 PM

-snip-

On the basis that you bought 2 Bitcoins that year to hope for a profit on the return of the price, then choosing to hold for a while would not be wrong if desired.
If the price has increased far from the purchase price, then other things, such as mistakes, whatever they are called, people don't care about them.

Holding Bitcoin up to this point makes perfect sense bro. $60k and on its way to $69k. What percentage of profit has been obtained from the purchase price at that time.

Sell at the highest price then accumulate when the price correction occurs, that's fine instead of just holding.
Such an approach is basically very profitable, especially as we have never seen prices rise high without being followed by a correction. The lesson is, there are many roads to Rome which means you can gain more profits if you are able to understand the volatile markets.

If OP sells 2 bitcoins at $64k today and he places a buy order at $59k, then he will have 2,169 btc in his account. But this approach is not necessarily everyone's cup of tea, especially if they are comfortable with just holding. The main factor for success with this approach is their analysis and ability to understand the market.