Hi all
Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)
Your thoughts please
You may get lucky at market timing or you may not. Given the long term trajectory of bitcoin, selling in order to buy back lower has worked sometimes, but many times not. People are still waiting to get back in when it gets below $1. Or $30. Or $100 or $1000.
good point and in fact I've been there - done that before - it isn't safe or very clever thing to do, but if I'd known I guaranteed to buy it back again (meaning BTC availability) I'd take my chances again...