Bitcoin Forum

Hello

Purchase my first Bitcoin in October and gains have been crazy. Since then I have also purchased alts (Litecoin, Ripple, Bitcoin Cash, Neo, Ethereum). I was always going to go long, hodl for next five years at least and of course fully expected such dips. I'm wondering however for those that don't day trade, when these dips occur do you sell and buy back at lower price or simply hodl?

as a small amount holders, transaction fees are killing me, i don't want to leave anything on exhangers so, having my dust on a wallet leave me in a sort of limbo.
Sending it to exchangers will cost a lot compared to what i have, then after some trading (with some luck to gain something) you have to send it back to the wallet, and some more fees have to be paid.
In 2018 i will change my tactic and somehow will find a way to keep some on a trusted exchanger for when this kind of dips occur.

You are supposed to buy dips and sell on highs.

Any other advice is nonsense. I mean there is dollar cost averaging which posits that it is better to average the amount you buy over a period of time, but this is the same as buying all at once in the grand scheme of things.

I usually just have patience when prices are skyrocketing, it isn't the time to buy. You need to buy when there is market panic and take advantage of the poor investors.

Already sold all of my bitcoin and ethereum at 15 December and hold USD. today bought bitcoin and a lot of alt coin that i like.I think I did good work today.

Right now you can do now its just to wait for the dip, but if you got bitcoin right now sell the now(cutloss) and wait for the dip and wait for the right moment that BTC price is so low that you buyback your bitcoin and see it'll be to the moon again.

I hear ya regarding fee, insanely high! Yesterday I made my first transfer from wallet to exchange and couldn't believe the fees which was something like £40. I selected a lower fee but then realised this the bad as never knew how long it would be delayed by! Two hours in, still not even one confirmation and because I wanted to purchase Bitcoin Cash quickly I purchase accelerator for hefty premium (should of seen that as a sign not to buy Bitcoin Cash!).

At first as this was my first send back to exchange I was going to send just a small amount worth £10... but the fee for this was £5, and that was considered low fee so still would have taken ages to reach exchange! How can Bitcoin survive long term with such high fees?!

Definitely a good work. It mush have been like Christmas shopping, but instead of spending it on gifts, you spent it on something that will give you a bigger profit. Nice one. As traders, we are enjoying the dip right now. A lot of altcoins at a lower price, even the bitcoin. Merry Christmas, indeed.

the market's been a bloodbath in the last few days. If you're not an experienced trader, I'd recommend holding for this shitstorm to pass.

If I have an opportunity - why not to sell for buying at a lower price..
Of course it`s risky, you should carefully track the situation and don`t play for all the amount, it` just a diversification