Always hold.
I've been through worse. I am not a trader and would never pretend to be.
I'm a simple man, I buy and I hodl.
Topic: Anyone else is going to hold while people try to short the halving? - page 2. (Read 1174 times)
July 05, 2016, 11:47:08 AM
July 05, 2016, 11:27:52 AM
You sell at 750 [...] But then, you wake up and price is 850 and you feel suicidal.
If you get suicidal at 850 after selling at 750... maybe trading isn't for you? I mean, here you didn't even lose any money -- you get suicidal because you didn't make any money.
What do you do when you actually lose money?
And by "lose," I mean lose more than ~15% of your stake, which is what we're talking about here?
July 05, 2016, 10:57:45 AM
I don't short because $650 is the new bottom. I can see the uptrend continue from here.
July 05, 2016, 10:56:15 AM
I see all those people saying how they will try to short the market. I think this is a very stupid idea. You sell at 750 thinking "well that's it", by tomorrow when I wake up, we will be correcting hard at 600s again".
But then, you wake up and price is 850 and you feel suicidal.
That's why it's better to hold. With Bitcoin, you NEVER know where the ceiling is. Nailing is being lucky, and I don't want to rely on that much luck, I value my bitcoins too much to gamble them like that.
But then, you wake up and price is 850 and you feel suicidal.
That's why it's better to hold. With Bitcoin, you NEVER know where the ceiling is. Nailing is being lucky, and I don't want to rely on that much luck, I value my bitcoins too much to gamble them like that.
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