Author Topic: Cyrpto currency worth buying low and selling hi?  (Read 163 times)

retiremesoon

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Cyrpto currency worth buying low and selling hi?
« on: December 02, 2017, 09:17:22 AM »
A few months ago I bought a Bitcoin at $3,500 just for the heck of it. It's obviously at $10,000+. I realize it may crash and burn at any point and I may lose all of it, but what's probably more attractive is just staying on top of the volatility and selling on the highs and buying on the lows.

Is anybody doing this?

Secondly, since Bitcoin is high, is there any other cryptocurrency with credibility to do this with to get more bang for the buck? Litecoin? Epherium? Is anybody studying this close enough?

Any good tools out there to get notified of the waves to automatically buy low and sell high?

Thanks!
« Last Edit: December 02, 2017, 09:21:50 AM by retiremesoon »

2Birds1Stone

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Re: Cyrpto currency worth buying low and selling hi?
« Reply #1 on: December 02, 2017, 10:30:38 AM »
Why is it high?

Maybe it will be $100k in a year or two, maybe it will be $1k.

When you bought at $3,500 it was considered "high" as well by many.

It's speculation, not investment. I would hold onto it, as YOUR downside is limited but the upside is unknown.

*caveat - you have no debt, and this $3,500 or $10k is a small portion of your portfolio.
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CoffeeR

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Re: Cyrpto currency worth buying low and selling hi?
« Reply #2 on: December 02, 2017, 10:46:07 AM »
... but what's probably more attractive is just staying on top of the volatility and selling on the highs and buying on the lows.
Anyone who can do this consistently will become a billionaire. I wish I could. I truly wish you the best of success.