two ways to face the price drop - page 2.

Wilhelm

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Quote from: airdagon on February 07, 2018, 04:55:50 AM

* divert the view from BITCOIN. According to Willemien Kets, Associate Professor of the Department of Economics University of Oxford, the rise and fall of Bitcoin's value makes this digital currency so attractive. according to him, examining the value of cryptocurrency is continuously very unproductive.
* principle hold. a strategy to hold Bitcoin by moving assets to the Bitcoin purse to keep it safe. when people sell and buy Bitcoin in a cycle, they miss the big picture of cryptocurrency and the blockchain technology itself.
what do you think?

This is a load of BS put together. The author seemed to grab one good and one unrelated point and put them in one sentence.

Point 1
I agree that volatility is attractive.
I do not understand that examining the value is unproductive. You should always be aware of the market you are trading in.

Point 2
I agree that HODL is safe.
What does this have to do with the big picture and the blockchain technology.

And it's a Bitcoin wallet and not a purse

Pursuer

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Where is my ring of blades...

Quote from: airdagon on February 07, 2018, 04:55:50 AM

* divert the view from BITCOIN. According to Willemien Kets, Associate Professor of the Department of Economics University of Oxford, the rise and fall of Bitcoin's value makes this digital currency so attractive. according to him, examining the value of cryptocurrency is continuously very unproductive.

if you are a trader then you need to be aware of the market at all times if you want to continue trading. this means checking the price or having an "eye" on it so to speak. this can be you checking to see what the price is or it can be placing alerts, or using things such as stop loss orders. saying "don't check the price because it is dropping" is just dumb!

if you are not a trader and have just made an investment in a proper dip and not at the peak of the bubble then yeah don't check the price every 2 minutes but still be aware of the general movement.

Quote

* principle hold. a strategy to hold Bitcoin by moving assets to the Bitcoin purse to keep it safe. when people sell and buy Bitcoin in a cycle, they miss the big picture of cryptocurrency and the blockchain technology itself.

the same thing applies here too. there is a difference between those who want to keep on trading and increase their profit and those who just bought bitcoin at some point, lets say at $2000 last year and want it as a long term investment that appreciates after 10 years.

airdagon

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* divert the view from BITCOIN. According to Willemien Kets, Associate Professor of the Department of Economics University of Oxford, the rise and fall of Bitcoin's value makes this digital currency so attractive. according to him, examining the value of cryptocurrency is continuously very unproductive.
* principle hold. a strategy to hold Bitcoin by moving assets to the Bitcoin purse to keep it safe. when people sell and buy Bitcoin in a cycle, they miss the big picture of cryptocurrency and the blockchain technology itself.
what do you think?

Topic: two ways to face the price drop - page 2. (Read 353 times)