Each sell off for me is an opportunity to buy more bitcoin at better prices. storing for the massive increase to come.
Good luck with this strategy but i personally think this high volatility period is good for day trading buying and selling for profit in same day.
I agree with you. But it is not good to day trade if it was so stable like now. Waiting for another pump ill just hold my bitcoins tight.
the price right now isn't that stable. just look at the charts to get an idea. within 12 hours the price dropped from over $650 to $621 and went back up to nearly $640 and is now sitting at $633. if you know how to do day trading, you will make yourself a very nice profit. and btw, how the market is today, it has also been like this the last week. it goes up and down all the time.
Even though in fact bitcoin price never stable at some level price but not easy to get profit in bitcoin if they range of movement in a days only around $10
Exactly, especially when you have only a little amount in doing day trading, the best way to earn is hold longer your bitcoins and when you see your goal is already realize you sell it automatically. However, a short term investment is good when the event of halving will hype up nearing the date.