Quote from: Wedhus Balap on January 04, 2021, 01:55:33 PM

Quote from: dragononcrypto on December 22, 2020, 11:44:56 AM

We've seen Bitcoin drop from a high of $14K to a low of $12K for an almost 10% drop in price. For some this is an opportunity to buy more Bitcoin, while for others it's a moment to worry over short-term losses. What is your strategy when the price corrects given the current market? Buy or sell?

At the time you wrote the prices were so low. But look how now. If at that time you bought a lot of coins, how much profit would it have been?
The standard of many people is simple. Buy when the price is low or go down, sell when the price goes up. But actually apart from that there are more detailed considerations

The fact is that even at the beginning of 2020, many cryptocurrency users were very skeptical about the growth of Bitcoin and Ethereum, relying on the fact that people are very reluctant to invest their funds in cryptocurrencies, since they already gobbled up in 2017 and 2018, when they invested at too high prices before falling. But the situation today is completely different and those who invested in early 2020 have already received huge profits today.