You are viewing a single comment's thread from:

RE: Bitcoin’s rise may bring back bubble calls -- but this chart puts it all in perspective

in #bitcoin6 years ago

Peaks and valleys is the name of the game when investing in anything. Buy low and sell high is the smart play without a doubt. When everyone is running for the hills is when the smartest are heading towards whatever everyone else is dumping. Diversification is key so when the runners away are dumping one to buy another you have that other to sell them on the way up or the peak of that particular asset. Cash is KING for buying whatever it is they're dumping on the low or valley. It's all timing and a watchful eye. Those who sit on one thing or only have one type of egg in their basket suffer most IMO. BTC has been beaten up for a while now and so have most other coins as they all seem to fluctuate with BTC. I have no doubt it'll go back down and may even make lower lows but with big investors setting up ETF's and buying exchanges there's no doubt in my mind that we'll see massive new highs at some point. Hodl what you have. Sell if you need to. Accumulate what you can across the spectrum of assets with fiat YOU DON'T NEED and you will do well as you've hedged your basket................