RE: Why I'll Sell Bitcoin if it Reaches $17,000 Soon

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Why I'll Sell Bitcoin if it Reaches $17,000 Soon

in bitcoin •  7 years ago 

@cryptovestor, I really want to thank you for your content. I got the crypto fever 2 weeks ago, and as you can imagine I keep reading, watching videos and consuming all possible content I can. I'm a Computer Scientist, so I understand a lot about the technology behind, but I know nothing about investing. All other analysts make me dizzy with all their jargon and, although it's clear you do know your trading and investing, I understand what you say and, BTW, I'm going to take a similar approach: If it gets to $17.5K, I'm selling half my Bitcoin. Then if it goes to $20K and starts to drop slightly, I will sell the other half. I'm convinced a sudden drop to $6-9K is coming, and I will immediately buy as much as I can then. Please, let me know if you think it's crazy. I don't even have 3% of 1 BTC yet, so...

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I don't think you're crazy, but you might expose yourself to overtrading. While my channel may make it sound like I trade frequently, I really don't - just when I have sizable conviction.