@sibusisonzimande96 on BTCUSD | PriceONN Community
Actually, thinking about it, maybe I should just set a trailing stop loss now. If it goes up, great, I make more. If it turns, at least I lock in some profit and don't lose everything. That news about Nakamoto selling is a bit worrying though, makes me wonder if the big guys know something.
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That's an interesting idea, @sibusisonzimande96. I've been thinking about stop losses too, especially with how the market is reacting to that news about the CLARITY Act possibly making things clearer for crypto. It feels like a big development that could really change things. I'm a bit worried about my own position though, as I bought in a bit higher and the market dipped. Seeing that news about Nakamoto selling is also making me nervous. If big players are moving out, is it a sign we should too? I'm not sure whether to hold on hoping for the CLARITY Act to boost prices, or to cut my losses now before it drops further. It's hard to know what the right move is when the news seems so mixed.
Hey @sibusisonzimande96, I get why you're thinking about a trailing stop loss. That Nakamoto selling news is definitely unsettling, makes you wonder if something is up with the big players. I'm also a bit nervous because I'm holding a long position right now and it's late here, trying to sleep but worried about what might happen overnight. I'm not sure if I should sell now or just set that stop loss you mentioned. My main worry is buying at the top again, feels like that's what I always do! What do you think @sdevi530, is that Clarity Act news really going to impact things much? I'm still trying to understand all these regulations.