In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
I don't think it's that significant. People should have seen this coming. What goes up goes down.
Did people really think that BTC will just skyrocket to 1 million $ without any corrections?
Bitcoin first reached 470$, then it went up to 800 suddenly. That was an unstable price level. But it got pumped higher. That was already extremely overpriced, and anyone with half a brain should have sold there.
And now it corrected it to 815$, which is pretty much where it came from. Although the previous 800 level was very unstable, and it could have gone back down to a stable 470$.
Now it may still go lowere, I dont know. What I do know is that the current price is more stable than the >1000$ levels, but I dont think it is that safe to buy now in my opinion.
So people can trade it any way they want. But for buying, I think it's only good after the correction is finished, and price momentum is exhausted.
