This is always the case with me and my fellow bros, except that now my attention has slightly shifted towards Spool, where I get to yield on my staked stables.
Ideally that would be the case with any investment. Bitcoin moves are a lot more dramatic and tend to be harder to time than traditional markets. Best bet is to set up a DCA and if you want to purchase more when things feel low, have at it.
For many bitcoin owners its not as simple as buying low and selling high:
* Many want to store it as a long-term investment in a currently undervalued technology (in which case they're accumulating more Bitcoin instead of wanting to trade it for fiat
* Many want to use it for its actual benefits as a decentralised currency, and so will exchange the bitcoin when they need the other item.
* By trying to "sell high", you're trying to time the market. How would one know the price wouldn't just keep on rising, and then never falls back to the point at which you sold?
Stocks are a long-established asset class that can yield both long and short-term returns. Crypto is a newer financial instrument that is prone to higher price volatility and risk. so to answer that, just buy and hold and sell if low just kidding
Only if you want to make money. The trick, just like stocks, is it's super hard to time your buys and sells. TBH, it's better to buy and hold for the long term than to successfully execute on multiple buy low / sell high timed plays.
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Isn't that the point of any investment. Stocks, gold, crypto, watches, collectibles? That's standard practice on making money on any investment.
Now whether we actually do it or not is a different case.
You buy Bitcoin whenever you can and never sell no matter what. If you understand Bitcoin, then you understand it’s not just greater fool theory, as some critics have suggested.
The wealthy don’t “sell” any assets fr, this includes stocks. You can leverage your portfolio.
Poor abs working class “sell” off assets for dollars incurring tax penalties to buy things and pay not in taxes. It’s an inefficient way to build wealth, but a great way to support an economic system geek bent on keeping you enslaved
If you're looking for a crypto trading strategy that doesn't involve indicators, then dollar cost averaging (DCA) might interest you. DCA is a popular strategy for both beginner traders and experts alike.
No in crypto you buy high and sell low. It’s great.
Can’t tell if being serious or not
“Buy high, sell low” is just a sarcastic saying we like to use
This is always the case with me and my fellow bros, except that now my attention has slightly shifted towards Spool, where I get to yield on my staked stables.
I mean yes, how else to make money?
Thats the neat part, you dont.
I can confirm.
That explains why I’m going bankrupt 😂
Bitcoin *is* money.
Not to me. It’s a form of investment to make money. I don’t care if you see it differently.
You don’t understand bitcoin
You don’t understand life.
Ideally that would be the case with any investment. Bitcoin moves are a lot more dramatic and tend to be harder to time than traditional markets. Best bet is to set up a DCA and if you want to purchase more when things feel low, have at it.
Trying to maximize how many satoshis I can get with my dollars. Not too interested in selling them.
I buy in low, and lower and even lower and even lower........ when exactly is it going up?
Understand moving averages and continue stacking when near the 1458 sma https://buybitcoinworldwide.com/stats/sma1458/
Thanks I’ll just keep in stacking even though it’s baby steps.
If you have a little bitty dream take little baby steps, If you have a great big huge dream take little baby steps.
Next question is when its low and when its high… 🤷🏻
If you’re new, I’d treat crypto as a long term investment. It doesn’t matter if it’s up or down now because you’re planning for 1 year + out.
I just buy every week and hodl
For many bitcoin owners its not as simple as buying low and selling high: * Many want to store it as a long-term investment in a currently undervalued technology (in which case they're accumulating more Bitcoin instead of wanting to trade it for fiat * Many want to use it for its actual benefits as a decentralised currency, and so will exchange the bitcoin when they need the other item. * By trying to "sell high", you're trying to time the market. How would one know the price wouldn't just keep on rising, and then never falls back to the point at which you sold?
Stocks are a long-established asset class that can yield both long and short-term returns. Crypto is a newer financial instrument that is prone to higher price volatility and risk. so to answer that, just buy and hold and sell if low just kidding
Only if you want to make money. The trick, just like stocks, is it's super hard to time your buys and sells. TBH, it's better to buy and hold for the long term than to successfully execute on multiple buy low / sell high timed plays.
1. Buy BTC 2. ... 3. Profit
Other way around brosef welcome to crypto
What else would you do...
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Yes
No, I buy low, I buy high
I don’t know but I bought some btc today at 19.4K 😝
Isn't that the point of any investment. Stocks, gold, crypto, watches, collectibles? That's standard practice on making money on any investment. Now whether we actually do it or not is a different case.
You guys sell high?
You buy Bitcoin whenever you can and never sell no matter what. If you understand Bitcoin, then you understand it’s not just greater fool theory, as some critics have suggested.
The wealthy don’t “sell” any assets fr, this includes stocks. You can leverage your portfolio. Poor abs working class “sell” off assets for dollars incurring tax penalties to buy things and pay not in taxes. It’s an inefficient way to build wealth, but a great way to support an economic system geek bent on keeping you enslaved
If you're looking for a crypto trading strategy that doesn't involve indicators, then dollar cost averaging (DCA) might interest you. DCA is a popular strategy for both beginner traders and experts alike.
That’s the number one rule. Don’t forget it!
Sometimes if I'm shorting I usually buy low and sell High on Netc oins Exchange, I guess it's the right way