1. don't ever listen to the btc-e trollbox
2. Bitcoin has always trended upwards in the long run, so holding onto your bitcoin will likely save you from short term losses.
3. Bitcoin has spikes where everyone thinks it is going to 10x in a month, it won't
So, when bitcoin hasn't changed price for a few days: buy some, hold... sell when you would be happy with the profits.
2. Bitcoin has always trended upwards in the long run, so holding onto your bitcoin will likely save you from short term losses.
3. Bitcoin has spikes where everyone thinks it is going to 10x in a month, it won't
So, when bitcoin hasn't changed price for a few days: buy some, hold... sell when you would be happy with the profits.
Thanks for your reply, I will surely follow your advice, but in the meantime, is there any easy way to read and interpret financial charts and indicators?
When presented with these charts, I really have no idea what I'm supposed to take into consideration with regards to wether it is an appropriate time/price to buy or sell.
If you do not believe in the success of bitcoin and your only goal is to have a fast profit in day trading, then you are on your own.
If you do believe in the success of bitcoin, then buy and hold.
If you do believe in the success of bitcoin, then buy and hold.
In my opinion, believe is irrelevant, I mean, I do share the conviction that bitcoin will become increasingly more successful in the future, but obviously I'm looking at it more as a short/medium term financial investment, where I can achieve some profit by purchasing cheap bitcoins and selling them at a higher price.
The thing is that I don't have any trading knowledge and experience and I would like to know how to learn to read financial indicators rather than be influence by some trolls panicking in the btc-e chat board.
