Quote from: Smartvirus on July 24, 2025, 10:31:09 PM

Quote from: RaraAvis on July 21, 2025, 09:07:32 PM

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?

Buying back is usually an easily conceived idea which is hardly done. This usually comes due to investors not having enough funds to continuously buy more try to increase their hodlings by leveraging on Bitcoin’s volatility.
While this might work as a strategy, it’s usually left for those who understands chart analysis and can very well predict the market. This is very difficult to archive and that’s the more reason why you shouldn’t sell. Chances is that, you might sell while expecting the market to dump and when it doesn’t, it wouldn’t feel so right with you to buy in at a higher price.

If the sole reason of selling is just to buy back bitcoin at its cheaper price and maximize the purchase, it will only work if you don’t have short term plans of selling your bitcoin. But if you expect to gain massive amount of profits after buying back bitcoin, you are very wrong there.

The market is highly unpredictable, as well as the movement of bitcoin, thus affecting its price. So you can’t tell that after buying bitcoin, the price will immediately rise up, that is not how bitcoin works. No one can predict accurately what will be the future price of bitcoin, and worst is the more you anticipate bitcoin to surge high, the more price correction appears in the market.