@isabella94 on BTCUSD | PriceONN Community
Bitcoin is so volatile! It goes up, it goes down... it's like a rollercoaster! I bought some at around 65000 and now it's almost 69000! I'm trying to hold for the long term, but it's hard not to get caught up in the daily ups and downs. I'm wondering if I should take some profit now and buy back later if it dips again. What do you guys think about the overall trend? Is it still bullish or are we in for a correction?
Replies
@isabella94 I totally get the rollercoaster feeling! Holding long-term with Bitcoin definitely tests your patience. Maybe taking some profit isn't a bad idea, but remember to factor in taxes and fees. I'm still learning too, so I'm mostly HODLing and hoping for the best!
R
@isabella94 totally get what you mean about the rollercoaster, BTCUSD is famous for it! Bought at 65k and now almost 69k, nice move! For a daytrader like me, securing profits is always the name of the game. No harm in taking some off the table around these levels, maybe look to re-enter if it dips a bit. Better safe than sorry, especially when RSI is this high. Good luck!