Re: Buy Buy Buy or Sell Sell Sell?

Bitcoin market is not stable, today it raises, tomorrow it falls. The most important thing is someone investing in Bitcoin to monitor the market, some people have the patient of waiting while some others due to fear when they see that the price is fluctuating might rush and sell, I will suggest we buy the idea of buying and waiting while we monitor the market. If possible monitor it when the price is low then you buy and hold.

If you are planning to invest in bitcoin, then you should have it in mind that you will be holding for a long period of time, so if you are having intention to hold for some period of time, then the current up and down in the market shouldn’t disturb you. If you are planning to invest, then just make use of DCA strategy, and start investing, you should know that bitcoin price cant be stable, and if you are planning to invest, then you don’t have to wait till bitcoin price is down before you going to invest, if you waiting for bitcoin price to drop before investing, then you might not really invest in bitcoin.

The only people that are suppose to be disturbed by the current movement in bitcoin price are the traders, but if you are a long term investor, then the current movement shouldn’t disturb you because even after buying bitcoin, you not really planning to sell the bitcoin soon, so before you sell, you will have been in good profit already.

We have to be prepared to invest in Bitcoin for the long term because otherwise, when you sell Bitcoin, you will be disappointed if the price of Bitcoin increases again. Although the price of Bitcoin fluctuates, there is a possibility that the price of Bitcoin will increase over time. It is better to invest in Bitcoin with patience.

Often people that sold their bitcoin stash too early lacks the patience and the will power to continued Hold for the long term. This is also very common among traders with short term plan,they buy Bitcoin only to later sell it too early for little profits and sometimes selling it at loss if the market isn't favourable. Investing in Bitcoin for the long term though DCA strategy is the most convenient plan because it's allows you as an investor to be buying bitcoin consistently without stressing to time/monitor the market regardless of price in time. If the price of bitcoin starts dropping drastically,you needed not to be bothered because you're already on a long term plan,if the price drop, certainly it will pump back again and even more over-time. Your major concern shouldn't be the market anymore as a long term investor rather your focus should be consistently buying of Bitcoin using your discretional income and Holding your stash for a period of 10years or more.