Topic: I bought a bitcoin today for 9K and sold when it hit 10K should I Of left it? - page 3. (Read 644 times)

Good choice OP at least you've earned an extra $1,000 and if you want to do it again then do the thing that you do like buy low and sell high. The price of Bitcoin is quite stable at $10,000 at the moment you will have to wait for it to go down dip again if you want to buyback/reinvest. It is better to trade weekly rather than daily since it's a waste of money paying those miners fee.

I believe this is just a trading question that you can answer. Do you think bitcoin will go further high? Do you think it will fall? If you take a look at what has happened with bitcoin so far recently we can see that price usually goes down after a big increase like we had a week ago.

Now, going between 11k and 9k has been like a national sport for bitcoin, hell going between two prices for months have been like that, that is why I think we should not be really looking for a bitcoin increase on the next move, we should be looking for bitcoin going to 9k (maybe even lower this time) and after that it will go up. So my suggestion would be using bitmex and leverage trading to short bitcoin with low leverage for now and if it actually goes down then you can long it.

If you want to play day trading, you must fix the small profit and continuous participation. So you can buy faster and also sell faster then only you are survive in day trading. Bitcoin also good investment in current journey but many altcoins are available in day trading. You can think large you will earn good profit on day trading.

You're a day trader and you have time to come in and ask questions as if the answers will affect your decision? Stick to your guns and use your strategies was the 1k profit planned or was that sell on a whim? If the former, you seem to have some good work done for charting, should tock to it if I were you.

My personal thought is that we'll see several more pinging back and forth with 10k in betwixt.

It is difficult to give advice if we do not know what you want to achieve, if you speculate, invest? The only thing I can tell you is that if you enter the world of trading, you should see it as a business, do not see it as making a quick profit because you are very likely to fail.

Make a comparison with any business, suppose a sales business in a specific item, such as phones, you must first invest, then you must invest time opening your store at some established time, and start small, medium sales where you will have a profit margin, where the return on investment is often calculated at 1 year and is 10% to 20%, that is, annual earnings of your total investment.

If you see trading in the same way, that 10% -20% is often done in a single trade, you just have to establish a plan or strategy, and you must rely on your own argument, in your analysis and understanding of the market, there are many tips that you can receive, but if you read books that are speculators and investors, you will learn how they made their movements in the market and what decisions they made in circumstances similar to that of this market, if you have your own argument you can differentiate which financial advice is good And what not, in the end you are the one who manages your money and when putting money in trading you must manage with the highest security index to avoid failure.

the first rule of being a day trader is to not ask others what to do! you should be able to speculate on your own and have a high success rate of at least 80%. if you don't then you shouldn't day trade.

my opinion, is that below $10k is getting harder each time we complete a new cycle of sideways movement and bitcoin has been bullish for months which makes it even harder to go down. at this point i only expect a drop if some bad news comes out or some whales decide to manipulate the market. otherwise i don't see drops.

I would consider the current bitcoin domination in the crypto market as a bearish signal ... the fact that it's over 70% already bitcoin dominating , sooner or later will reach the peak and causing a significant drop.

If i were you , i won't trade the whole balance ... i will save 50% in cash for the worst scenario of bitcoin bearish trend in the near future.

Last time bitcoin dominated the market back in 2017 where the price surge from $1,000 at early 2017 to $20,000  7 months later.
What make it sets apart with the current bitcoin domination? We didn't make it reach ATH this time , we have tried few months ago and i think the next move is just like after a glorious time in 2017 ... a freefall to the dip.

I'm a bit pessimistic right now (

Obviously you have profited already so that is a good start. However, others pratice 50/50 or just take their profit and leave their capital again and see how the price goes.

I'm not good at making financial advises but for me, I will continue to buy during dips and keep accumulating as much as I can. Off-load some if you are looking for profit but at least have some in case the price goes on another bull run, just saying.

As everyone said, buy in a low price and sell it at the top. That is the most important advice ever. When the price can rise higher, it is better to sell it so we can have a chance to buy at a low price. We can sell all of bitcoin we have in one-time sell order, or we can split it into few parts. It's up to you.

But my advice, it is better to take any profit while we have a chance than to wait for longer to sell and make a bigger profit because we don't know if we will have that chance or not. So you need to decide for yourself, don't be greedy to get bigger profit if the situations are not available.

I think day trader not means trading everyday right, maybe if wait price like 9K again or maybe lower will be good to buy. If you want, maybe 5%-10% to take profit will be better. In this case, bitcoin price that move although only a little, can be very fit for trade. At least it wouldn't get dumped very fast except there are very bad news that come from bitcoin itself.

if people could know if the price will fall or if the price will rise? surely these people would be the richest in the world. There is a possibility of falling, there will always be that possibility. Just imagine that if the price goes up, then it can fall too. But what worries me is that you ask this question and then write this:


day trader?

Are you willing to take too many risks? so you need to study the market a lot.

waiting for the next dip, and waiting until the price is $ 10k, or more will be a good decision. it's just that, when that actually happens, you will have another mind, or maybe come back hesitant to buy it. but, if you believe the price will rise again, it will be a good decision.

in this case, do as you have decided. we can only give advice and guidance, while for the risk, you are the one to bear it. however, you need to think this through carefully. there is a high possibility that the price of bitcoin will have a very high price in the future, it could be your best decision.

Following some advice, suggestions, opinions or asking what will be our approach to that situation might confuse you more since surely it will be different. Doing daytrades and short-term trades is more stressful than hodling, especially for newbies, compare to other newbies who start from long-term trades then switch to day trades.

I suggest testing some strategies of yours and see the result for yourself.

well you got $1k extra. so wait for the next dip (drop after a peak) and repeat

never buy on the up, buy on the down and wait for the next rise to sell.

most people try to keep a 50/50 split of both sides, to double chances
EG instead of selling a whole coin at $10k you could have sold half. and then if price goes down you can buy more coin, if price goes up you can sell coin for more fiat. and just keep riding the waves from both sides

either way over 10% profit in one day is more than enough. so dont be so quick to try being greedy. play it smart
take little profits often and repeat. rather than throwing a random guess and hoping for large returns quickly

Depends on you or depends on your needs only you can decide what did you want for your bitcoin, but i adise if did need it for your personal needs much better to keep it and hold your bitcoin. Good luck 😀😀😀

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.