BUY when its LOW and SELL when its HIGH (BLSH)
In recent time following the bullrun of 2020 which has somehow seemed not to fade out completely with the bitcoin market still on the rise as other determinants for the direction of the market has come in play like Elon Musk in his tweets and the whales in recent time to push and sustain the market at a high, breaking and creating new highs with btc price now at $66k, the investment strategy of buying when its low and selling high (BLSH) seems to be of little or no importance anymore. Now, it's all about, everyone needing a piece of the pie, to be a shareholder, a crypto smart citizen of the world and so, it doesn't matter when you buy no more but how long you can hold on to your btc.
So bitcoin has been marked as a currency of the future and so, spending bitcoin at the moment doesn't seem much like the right thing to do as it isn't supposed to be so with currencies. Currencies are meant to be for exchange but bitcoin though is exchanged, the growth it attains in due time makes it a hard to spend currency. Hence, owing a certain % of your asset in bitcoin seems like the best form of investment in recent times with the waves bitcoin is creating globally.
As to this note, whales and Celebrities around the globe in the likes of Elon Musk a crypto enthusiast and investment guru has come up to invest huge in bitcoin to spike its price such that, even at all time highs (ATH), we still experience a massive buy which makes one ask themselves,
What happened to Sell when its high and Buy when its low?
What do you use now to determine when to buy?
For me, its a matter of buy if the market is lower than the previous day and be ready for a long time of wait.
It all goes down to one thing, buy or own bitcoin now!!!What do you guys use?
The strategy or principle is still very valid as one needs to know what's the difference between revenue and cost.
Whether you trade or invest, you're looking for one thing which is asset growth.
It won't be wise if your cost is higher than it's revenue. So buying lower makes your costs low, and selling high makes your profit higher.
BHSL is a truism.
Since when "buy low,sell high" is called a strategy?
This is just common sense.Buying low and selling high is what every trader/businessman in the world does.
This topic is kinda pointless.The Bitcoin price is about to decrease,so there will be a great opportunity to buy cheap Bitcoins,before the next bull run,when the price will go up and the buyers can sell their BTC for a profit.There you go,OP.Your question is answered.
It's quite unfortunate that Bitcoin is an investment tool,rather than an actual currency,but this might change in the future.
Btc serves two major purposes. As a store of value, which makes it an investment vehicle and it is a means of exchange, you can pay for a Tesla car with btc.
Due to the value of btc, in the future 0.00000001 will be enough to buy a cup of coffee.
[moderator's note: consecutive posts merged]
