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

Sometimes we don't need to be fully prepared before starting investing into Bitcoin. As afar as Bitcoin investment is concerned, you need to check the level of your discretion. The level of Your discretion fund will determine if you can start investing. If you want to be fully prepared, you may not start Bitcoin investment, knowing the challenges that may come along the line, which includes self deprivation of some fun just to invest into Bitcoin. But when you start with the little you can afford to lose from your discretion then it may appear more easier than expected. Remember imagination can be deceptive until you kick start with a step, till then you will know that "a journey of a thousand miles begins with a step"

Quote from: blackberrman on Today at 08:31:34 AM

because otherwise, when you sell Bitcoin, you will be disappointed if the price of Bitcoin increases again.

The problem is not even disappointment you get from selling your Bitcoin and Bitcoin price rises again, but if you buy again you may not be able to buy the amount of Bitcoin you baught before or earlier with same price again. That's why it is important to take advantage of any opportunity to buy more Bitcoin than buying an later selling at lost instead of being patient.