Topic: Bitcoin Position Investment and Selling (Read 106 times)

Now that the BTC price recently hit a bottom of 6000$ (USD) people had been waiting for it to go further below to buy. But no, it went up again. It touched over 7000$ (USD) today. Now some people are wondering if this was the time to buy or wait a little more for the price to plummet to 6000$ once again. Well this inertia is not helpful for any investor and certainly one can never be a trader with this mindset.

We can never know how the market is going to move. But certainly you can comprehend what is a safe zone to buy. To think of buying when the value is in the ascendance will prove to be a mistake.  You had missed the opportunity when it was low by waiting for it to move further low. You may at the most buy early in the ascendance to make up for the opportunity lost. Every buyer has a price in his mind. Say you wanted the price of BTC to be 7000$ to buy, when it was actually $17000 last year, now you have the opportunity. And you should buy.

Trends of a stable coin like BTC needs to be analyzed and studied from a longer time frame. At least a 3 months to 6 months period. I would certainly say that you can never have absolute profit like buying at the bottom-most part of the graph (lowest value) and invest. Its very impractical. To use an analogy, even a Tennis superstar ranked No. 1 may lose a set to a junior contender in the Wimbledon. You cannot expect him/her to win straight sets all the time. You cannot expect a maximum profit all the time.

Any profit from what you have invested is a good one. An investment that lead to a profit is a good investment. This is the first rule. The fine tuning of the margins of the profit comes later. If you wanted to buy BTC at 6000$ or 7000$, I think you should do it now before it is too late. This would be a good position investment. We already know the trend of Bitcoin's stability around $10000. It is sure to reach there and ascend.

And when it comes to selling, this is not the time to sell. There may be panic but it is important to hold and wait for the right opportunity, time and need.