I bought a bitcoin today for 9K and sold when it hit 10K should I Of left it? - page 2.

btc78

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

for easy money then go sell it anyway that’s your coin so lol

We have no full control of the situation .but If you wanna get some points then listen to us.

Because we are mostly holders of bitcoin here and we don’t just sell for short period of time.

If you are not really in need and looking for good long term investments then just let that currency in your wallet(make sure not on exchange as many are being hacked nowadays

lienfaye

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If you're a day trader then you must have your own strategy to follow.

The current price of btc now is declining therefore its a good time to take advantage it.

Since you already experience and earned as a day trader I think there's no need to ask on when to buy because a trader knows this basic thing.

michellee

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

Even if the price drops, you can buy bitcoin at any price you want. If you believe that the bitcoin price will increase so high, then I don't think you will wait for another drop because no one knows when the price can go up or down. The important thing is you still have money to buy back bitcoin, especially if the price is down in the next hour so you will get a lower buy price. Don't forget always to check the bitcoin movement so you can know when the right time to buy bitcoin.

El duderino_

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

Wauw if the goal is to make "a grand" ..... then go out buy a second hand car of bike and resale for "a grand +"

F*** this isn't an opportunity to make "a grand"............ !!!!

If your not interested in BTC for the right reasons and long term perspective, then you better stay away from it before you get burned for "a few grands"

Go to the beginners section if you would have interest learn a bit, then the buy and HODL sentence will make sense.

bitbunnny

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To my opinion you sold it too soon. Ok, that was maybe a short term profit but on long term if you really want to make some serious profit this wasn't a good decision.
Of course that you can't predict what will happen with price in near future but if you want to become a serious investor you should have a strategy and much broader view on the market.

BitHodler

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Quote from: adaseb on September 08, 2019, 02:40:35 AM

Another issue is that you are asking for financial advice on a forum where most people are not investment experts.

People here not being a financial expert isn't so much a problem. The real problem is that people here are so moon boy'ish, that they in most cases tell you what benefits their positions, which is to keep your coins.

Finding unbiased information here is like searching for a needle in a haystack. There is no shortage of people predicting $20k before the end of the year of even $100k just before or after the block halving.

If you tell people that the price might revisit $6k in the coming months, you're suddenly someone who's spreading fud just so that people sell and you can buy lower. That's basically the mentality we're dealing with here.

Herbert2020

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Quote from: adaseb on September 08, 2019, 02:40:35 AM

This is generally the reason why many people have trouble making any money in the markets. They buy something and when they make 10% they sell and take profit. However lets say the trade goes against them, they usually don't take a 10% loss they hold it for 50-90% losses and at that point its very difficult to regain their original deposit back.

very true specially with altcoins that are purely pump and dumps.
but OP is talking about bitcoin so the 50-90% case doesn't apply at all. bitcoin doesn't drop that much out of nowhere for no reason. the only case when we have a huge drop is when you take the peak of a gigantic bubble and the bottom of the burst. even then it won't be bigger than 70 to 85% and that is only if you take the peak of the bubble.
other times like now for instance you can't expect anything bigger than 10% and worst case is 15% unless something horrible happens to go any lower.

adaseb

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This is generally the reason why many people have trouble making any money in the markets. They buy something and when they make 10% they sell and take profit. However lets say the trade goes against them, they usually don't take a 10% loss they hold it for 50-90% losses and at that point its very difficult to regain their original deposit back.

You can't predict the future but you can basically scale in and scale out of positions. So if you are up 10% take maybe 25% of it off the table and leave the rest to run.

Another issue is that you are asking for financial advice on a forum where most people are not investment experts. Basically nobody knows what will happen in the future. They are just guessing. When BTC is rising everybody is bullish and when BTC is falling everybody is bearish. However eventually the trend will reverse and most people will lose lots of money.

crzy

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

You’re doing a short term trading and doing that without the experience for sure you’ll just lose the money. I suggest you buy when you know when to buy or sell, and if I’m on your position buying low is the best and waiting for the best price is good. We can’t tell if the price will fall or not, just try to have a monitoring sheet and know what to do.

STT

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Not sure anyone asked if you have $9000 or if you were buying on leverage because that really is what determines is it a trade or a possible long term hold. Most of us must be more realistic in our aims when considering holding BTC forever, you must have FIAT to pay taxes and all sorts of conventional costs.
I would not criticize selling after a 10% gain in a short period of time and especially now, I've said several times that BTC right now is just bouncing in a range so to just buy and sell each end of that range is probably about as clever as it gets right now.

Keep your profits, sell the capital and distribute to better reflect your costs. Something in a pension, something towards housing costs is perfectly sensible. Holding all of just one asset type is high speculation and should be only done for short periods of time because it is risky. Very few people are excellent in money management, quite a few get lucky but then also carried away by that potential gain.

sana54210

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No one know what will really happen, it depend on what type of trader you are , if you are a ,long term trader as an investor of a short term trader, as an investor, it would just be best for you to leave the your coin at that price like that till the bull run of bitcoin, at least I am sure that before the end of next year, we would have crossed more than the last ATH which I am very optimistic that the price value off bitcoin by next year ending would be $35000.

If you are a shirt term trader, take your profit then and then wait for a correction that would give you the opportunity to buy again and then sell at high profit, what I usually do when I am stocked in this type of situation, is just to split the fund into two and the fulfill the thirst of both parties, I sell part while I leave the rest to see what will go on.

davinchi

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Exactly what I thought, a day trader wouldn't ask if he should buy again or should wait, as we saw from the price drop today it wasn't really time to buy so hopefully he didn't buy it back.

I have always said bitcoin is a volatile currency that goes up and down in turns, it could go up as much as 50k one day but it will eventually drop (maybe not to 10k but drop nevertheless) that's why when you buy bitcoin at the bottom and then increased just wait for it to drop again, it will drop eventually and when it does drop then you can just buy it again after the drop.

A regular trader would know about this and wouldn't ask it, I am not even a day trader and I know this which means a person who asks this is even below my level of trading and that person shouldn't day trade.

davis196

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

Trust me,you are NOT a day trader.Real day traders wouldn't ask for advice on a forum. Grin

You got lucky.You just bought and sold at the right time,but that was a coincidence,it wasn't planned,so it's pure luck.Next time,you will have to think it through.Nobody is going to tell you the truth about the bitcoin price movements.Just learn more and don't rely on other people's opinions.
Opinions are not knowledge.

jaocoincrypto18

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You are lucky that you gained $1K even if your are new to to the investment so i suggest that you just stick to your used way of how you gained it as you might lost your earned money if you will now listen to the predictions of the others here.

xvids

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

At least you made a profit from it and if you strongly believe that it would drop then wait for it to buy back.
Like you've said you are more of a day trader so taking small profit is what you usually do but be careful on overdoing it.
Sometimes the market could get crazy and those small profit could turn out to be a huge loss.

BitHodler

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Quote from: Wilhelm on September 06, 2019, 04:15:27 PM

An alt coin surge can make you a lot quick but yes it is high risk.

It really depends on what time you invest in altcoins. The high risk you are talking about we have seen hit people hard this year-- a lot of the altcoins have gone down over 50% in terms of their BTC ratio.

People believed that when Bitcoin would start correcting altcoins would start to regain the lost market share, but that hasn't been the case so far. Almost every Bitcoin dump lead to an altcoin dump instead of a pump.

And then we have a lof of people looking at the 'low' altcoin prices and think they won't be going down any more. Reality is that they can go down a whole lot more than what people consider super low already.

jossiel

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You're a day trader so I think you have your own golden rule when it comes to profiting with your trades. $1k is a decent profit to be real and it can be underestimated. And today, I'm expecting that we'll finally hit $10900 but it seem to be a miss.

Back to $10,300 - $10,400 so decide if you think this is kind of low on your perspective. Take your capital and re-invest your profit although before doing that, take a bit from the money you have made.

Wilhelm

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Quote from: Upgrade00 on September 06, 2019, 04:04:53 PM

Quote from: peter0425 on September 06, 2019, 03:51:37 PM

If you are a daytrader then forget about Bitcoin instead find altcoins that fast in moving and not this coin that so slow in providing profit but atleast the assurance is high than alt investing

I prefer steady profits with less risk than potential high rewards which comes with a commensurate risk.
Hence I would rather go for the slow moving bitcoin currency that the faster moving and highly unpredictable altcoin market.
As a day trader, you should be protecting your capital, and a part of that is going for the safest investment option.

An alt coin surge can make you a lot quick but yes it is high risk.
I only do bitcoin and some other stable coins. Currently only some eth.

Upgrade00

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Quote from: peter0425 on September 06, 2019, 03:51:37 PM

If you are a daytrader then forget about Bitcoin instead find altcoins that fast in moving and not this coin that so slow in providing profit but atleast the assurance is high than alt investing

I prefer steady profits with less risk than potential high rewards which comes with a commensurate risk.
Hence I would rather go for the slow moving bitcoin currency that the faster moving and highly unpredictable altcoin market.
As a day trader, you should be protecting your capital, and a part of that is going for the safest investment option.

peter0425

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Quote from: Alexkerr2012 on September 05, 2019, 06:37:24 PM

Should I buy back in or do you guys think it might drop?

I’m afraid we will not be seeing any lower that 9k~10k so if you think you are willing to risk then you should buy now

Quote

I’m more of a day trader so any advice would be hugely beneficial.

If you are a daytrader then forget about Bitcoin instead find altcoins that fast in moving and not this coin that so slow in providing profit but atleast the assurance is high than alt investing

Quote

New to this but happy with making a grand.

I’m afraid I really understand you,on the top you had bought when 9k and sold whe it hit 10k but in the middle you are claiming to be a daytrader and on the last part your a newbie?please a slight enlightenment about what’s this all about

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