So if you sell now, and buy back in after the news what do you lose ? Trading fees. Thats it. But if it goes down again, you are on the safe side.
Um no, hate to break it to you, but if you sell now and the news are good, you also lose ~50% of your previous bitcoins due to the price jump that you won't be able to anticipate or participate in unless you are watching the market 24/7.
So the thing here is quite simple - if you believe in bitcoin future, then your speculative objective is to increase your BTC holdings by any means. Selling at the bottom usually goes against that objective, as anybody who traded here since 2011 would tell you (but you won't listen, so you'll have to learn on your own). Good spot to sell was in four digits, not at the bottom - it was a risk then, sure, but at least relatively smaller one than selling now, which is plain crazy. This is the point where you buy with both hands.
Hmmm... Well Im monitoring the market most of my time, having a extra monitor for it in the office. Also I use a bot that buys for me if a price x is reached and stop loss orders in the xchange if it drops.
So most work is done without me. I dont know if this is "normal" but we are talking about money here, so I take it serious.
Well, don't trust the bot too much, slippage here on big moves is *huge*, because usually it is several large orders - once they go through, the book is cleared for like 10%, so you are always buying higher. But still, you have much better chances to catch the train than most speculators here who trade by hand; selling low is a dangerous game and you must be prepared for losses.
