May 1 2021, 11:16 PM
QUOTE(Snoopie @ May 1 2021, 12:07 PM)
Actually want to ask, how do people play buy low sell high? Example buy 1 btc in early days:
Bought at 190K
Sold at 230K
Profit 40K
Then see the market strong, buy at 240K (190K+40K=230K). End up top up +10K to enter back into crypto market.
Hence do buy low sell high only work for short term, and not long term? and a lot of people say after sell, wait until the price drop. But what if it doesn't drop? Like now, we don't see 190K btc (which is just few months back). Open for discussion
woah this was actually a great point to ponder. This too got me thinking, alot.. thanks bro..Bought at 190K
Sold at 230K
Profit 40K
Then see the market strong, buy at 240K (190K+40K=230K). End up top up +10K to enter back into crypto market.
Hence do buy low sell high only work for short term, and not long term? and a lot of people say after sell, wait until the price drop. But what if it doesn't drop? Like now, we don't see 190K btc (which is just few months back). Open for discussion
I'm guessing if i actually sold at a high (made profit), and subsequently bought the dip along with additional units / btc from the profit i made.. I believe i would have made more than if i just hodl and not sell. (cause i keep adding units)
thanks again for the question heeee
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