Waiting can be a smart decision, but simply watching the chart isn’t enough. It’s a good idea to define in advance what conditions would justify buying, holding, selling, or doing nothing.
2. What would I do in your position as an investor?
I would separate my strategy into two distinct goals.
Long-term investing: if my goal were to accumulate BTC over several years, I would consider making regular purchases with an amount I could afford to invest, without trying to predict every market move.
Short-term trading: if I wanted to take advantage of price fluctuations, I would wait for confirmation from the price, set an exit point in case the trade went badly, and calculate how much I was willing to lose before entering.
Mixing these two strategies often leads to confusion: an investor buys with a view to holding for years, but ends up selling out of fear of a drop lasting just a few hours. $BTC #ETH
2. What would I do in your position as an investor?
I would separate my strategy into two distinct goals.
Long-term investing: if my goal were to accumulate BTC over several years, I would consider making regular purchases with an amount I could afford to invest, without trying to predict every market move.
Short-term trading: if I wanted to take advantage of price fluctuations, I would wait for confirmation from the price, set an exit point in case the trade went badly, and calculate how much I was willing to lose before entering.
Mixing these two strategies often leads to confusion: an investor buys with a view to holding for years, but ends up selling out of fear of a drop lasting just a few hours. $BTC #ETH