Listen dude, no one ever knows what will happen in future.
The only thing we can do now is just to calculate and estimate.
And as far the price of the Bitcoin is concerned, then it depends on us.
Bitcoin follows the rule for Supply and Demand.
So if the demand is high then supply will be less, for which price will be high, and if the demand is low then the price will also fall.
If you want my opinion, then you should just Keep your Bitcoins and store it for future, i bet it will surely rise and give you profit.
Topic: What Is Best Course Of Action? - page 3. (Read 500 times)
I would NEVER hold or trade any stable coins. Most (if not all) stable coins at this time are scams.
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
If you do this, you should learn how to trade, learn some basics of trading, technical analysis or fundamental analysis.Much better if you learn the technical one, learning the basics of the chart, candlesticks, different indicators in chart or some bullish/bearish pattern within the charts.
For me, if you will do this, the risk is there but you can also gain more profits here. But if you HODL, the risk is much minimal.
It is all up to you. You should follow your own instinct. If you think it is better to hold or better to convert it into stable coins, whatever you decide to do, at the end of the day it is your own bitcoin. We can give you advice but since all of us here have different point of views, our comments will just lead you into confusions.
Follow what you think is right. Do not fall for this market upward movements, anytime soon it will bounce down. And havent we are aiming for the profit as our goal? Being greedy is not good.
Follow what you think is right. Do not fall for this market upward movements, anytime soon it will bounce down. And havent we are aiming for the profit as our goal? Being greedy is not good.
Of the best course right now, is to buy and HODL rather than sell prematurely your coins that might even a higher price, its better to wait and see how much the price may surge.
Because if you continue to buy and sell, you'll lose more than you gain due to the price get much expensive and selling it for cheap is definitely a bad trade.
Because if you continue to buy and sell, you'll lose more than you gain due to the price get much expensive and selling it for cheap is definitely a bad trade.
Just a question to ask for advice. Right now with all the markets they way they are. Bitcoin is always in the upward in the market. Of course it has periods of going down. But crypto market is doing quite well in these times.
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
Noone knows how Bitcoin price will be but i can assure you "trading is back and forth to stable coins" is one way to disaster.I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
So many people lost most of their BTC because they tried that, switching their BTC to altcoin and back, loosing 70% of their BTC in the end.
Bitcoin is a thing, not single coin after it is worth much.
Bitcoin price is good now same as gold. Its store of value for difficult times like now.
How long do you want to keep it for yourself? Are you aiming for a long term hold or you just want to ride the wave and will eventually sell. Determine yourself if you have plans for a lifetime and you can hold for about more than 1-2 years or more.
I've said lifetime but it doesn't mean that you shall hold forever. It includes you selling at the best prices ever if we reach all-time highs again. Do you trade and you are ok riding the daily volatility? it's all gonna depend on you.
I've said lifetime but it doesn't mean that you shall hold forever. It includes you selling at the best prices ever if we reach all-time highs again. Do you trade and you are ok riding the daily volatility? it's all gonna depend on you.
That decision is to be determined by him, is he here for long term or short term?
Either way, he should know the basic rule of trading -buy low, sell high.
Just keeping this simple rule at all times when he's in trading will give him profit, whether small or big.
So in my opinion, whether he will practice this trading rule in short term or long term, he should not be in the losing side.
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
You can hold but buying is not advisable at this time, it's not an opportunity to buy now, but to sell, however, if you don't have enough to sell, maybe you can buy if you really into long term investment as we never know what would happen, price could go down unexpectedly. Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
Need suggestions and advice. thanks
If you have funds for long term and short term, betting try to trade as well, actually if you do better in trading, you can easily grow your money, so both I recommended and trading can be both applied in this situation.
Just a question to ask for advice. Right now with all the markets they way they are. Bitcoin is always in the upward in the market. Of course it has periods of going down. But crypto market is doing quite well in these times.
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
The best option seems to be buying and hodl when it reaches the top by not getting too greedy every take profit is the best thing. We have entered the bull market where Bitcoin and the Altcoin Segelitir rises. And a chance to ping pong or hold it to get a little more profit.
It depends from how you understand and what strategy you have in pointing your decision.
You need to check and balance every entries and exit that
you'll going to take, it's always have the risk but once you
made the right position, for sure you'll gain good benefits
from this business.
Just a question to ask for advice. Right now with all the markets they way they are. Bitcoin is always in the upward in the market. Of course it has periods of going down. But crypto market is doing quite well in these times.
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
The best option seems to be buying and hodl when it reaches the top by not getting too greedy every take profit is the best thing. We have entered the bull market where Bitcoin and the Altcoin Segelitir rises. And a chance to ping pong or hold it to get a little more profit.
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Trading requires knowledge of technical analysis to be done profitably as one would need to be able to read market movements and predict the next price movements. It also comes with its fair share of risksOr is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Long term investments require less skill, more trust in the fundamentals and lots of the patience.
The choice of which is preferable is dependent on you and your abilities.
Just a question to ask for advice. Right now with all the markets they way they are. Bitcoin is always in the upward in the market.
The market may be somewhat bullish, but Bitcoin is never really in upward movement. There is always volatility including drops in price. 
In my opinion, You're in the best position to make such decisions. There's only 2 ways this could go:
1. You don't sell to stable coins (USDT et all) and Bitcoin price drops, you leave money on the table by not selling the high and rebuying the dip.
2. You sell to USDT and Bitcoin continues the ride without you on the train.
I've been there. Trust me, You can either take advantage or not. There's a risk attached to any side of the market you take. Making decisions is one of the things you have to do as a trader.
1. You don't sell to stable coins (USDT et all) and Bitcoin price drops, you leave money on the table by not selling the high and rebuying the dip.
2. You sell to USDT and Bitcoin continues the ride without you on the train.
I've been there. Trust me, You can either take advantage or not. There's a risk attached to any side of the market you take. Making decisions is one of the things you have to do as a trader.
It depends on you on how you do deal with it as long you do make profits then thats the thing matter most.How long you do plan on keep holding? If you do talk about future years to come then buying
continously no matter what the price is will be not really an issue but if you do plan to sell off on a short span or duration then its always better to trade actively
and wait up for the right price position.
Cryptocurrency might not really been affected much on economic crisis thats happening due to pandemic but we cant really say that this market do always tend to go up.
Of course a healthy market will really have ups and downs and that what makes money for people who do trade up.
continously no matter what the price is will be not really an issue but if you do plan to sell off on a short span or duration then its always better to trade actively
and wait up for the right price position.
Cryptocurrency might not really been affected much on economic crisis thats happening due to pandemic but we cant really say that this market do always tend to go up.
Of course a healthy market will really have ups and downs and that what makes money for people who do trade up.
You shouldn't take any of this advice from someone who's not a financial advisor or well versed in finance. To truly answer your question we'd have to know your entire financial situation. Without knowing that, could lead to making some very costly mistakes. You need to make sure your entire financial portfolio is established and that you're on track to your retirement goals ( assuming you've yet to retire). Can you afford to buy more? That's the main question to be asking to start off.
How long do you want to keep it for yourself? Are you aiming for a long term hold or you just want to ride the wave and will eventually sell. Determine yourself if you have plans for a lifetime and you can hold for about more than 1-2 years or more.
I've said lifetime but it doesn't mean that you shall hold forever. It includes you selling at the best prices ever if we reach all-time highs again. Do you trade and you are ok riding the daily volatility? it's all gonna depend on you.
I've said lifetime but it doesn't mean that you shall hold forever. It includes you selling at the best prices ever if we reach all-time highs again. Do you trade and you are ok riding the daily volatility? it's all gonna depend on you.
Just a question to ask for advice. Right now with all the markets they way they are. Bitcoin is always in the upward in the market. Of course it has periods of going down. But crypto market is doing quite well in these times.
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
I am asking what is the best course of action?
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?
Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?
Need suggestions and advice. thanks
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