Post
Topic
Board Speculation
Re: Something is seriously wrong with bitcoin markets. No liquidity? Should we sell?
by
aylabadia05
on 01/03/2024, 16:59:21 UTC
<snip>

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.
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.
Good calculation skills. 0.169 Bitcoin for me, then I can treat the people who live around my house to tea. I will invite all my neighbors to drink until their stomachs are bloated. Lol

Selling at $64k seemed to me the wrong decision because $69k was very close. If there is other income that can cover daily needs, maybe I will hold until Bitcoin breaks the price of $100k.
So later I can invite some neighbors for a holiday. Lol.