with this chart of bitcoin rise and down ... we can say that bitcoin loss . because if you buy when bitcoin 10000 thend sell when bitcoin 6500 then buy when bitcoin 10000 again
The problem here is your execution, why sell below your buying price? Its a clear panicking to me and its not good for you in the long run. The price of bitcoin is on a stable stage and i believe that it will continue to hold on this level before it goes up again. Don’t buy high and sell low, know when to enter in the market.
These are always some risk that we have to bear in mind when investing in bitcoin, and that is the reason why we have to be very patient and watchful when making decision to invest in bitcoin so that we don’t go and invest when the price has already peak and about to make a U-turn, it is not really easy mate to predict bitcoin which as good as I was in bitcoin analysis, I still fell into the cage of $13800 of recent too.
As bitcoin was growing, I though the bull run had already come, so I made a purchase for that $13800 and right before my eyes, bitcoin dumped to $9k, but I am still not worried because I believe that it will return back to that position. It is only people that invested in the $20k that I really feel for because no one knows how long that their money would be tied down.
Luckily i do saved up myself into that FOMO! If i do able to make up some purchase then it would really be a regretful thing to be think off.
Its hard when the price fluctuation do leave you hanging but somehow you can average it out if you do know how to compound profits by means of
short trade but not all have the ability or skills to do that thing thats why majority would really choose up on holding itself which is more wiser than trying to
day trade without any knowledge which would only worsen up the situation.
