Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
JayJuanGee
on 07/05/2024, 20:34:53 UTC
This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and  more then you would see that when the market bounces back then you have double of what you had invested earlier.
You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with.  There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.
Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.
This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough?  and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?
Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.

Well you cut out the rest of my post, and my overall sentiment was that hopefully you do not end up selling too much BTC too soon with your seeming inclination to want to try to play the wave.  Maybe that kind of an approach will work and allow you to not end up with less BTC than what you could have had, otherwise... if that is what you care about versus if you just want to get some dollars that may well not end up holding their value very well.