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Forum nameGeneral Discussion
Topic subjectWhatever you do.
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13413961&mesg_id=13425012
13425012, Whatever you do.
Posted by allStah, Tue Feb-23-21 04:55 PM
Make sure you research, especially the price ranges.

What is Bitcoin All time Low and All time high in the past 3 years?

This is how successful traders trade, calculating probability.

Bitcoin’s range for that time period is 3,000 - 50,000. Now what’s tricky
is cryptocurrency moves 24 hours, unlike the stock market. So there is constant
movement throughout the day.

You want to get in at the lowest amount possible giving yourself a chance to
profit. Bitcoin can either continue to go up and up , yo-yo, or reverse hard. We don’t now. AND THAT IS THE KEY TO TRADING. There is no guarantee of anything.
No action is written in stone.

Since we know bitcoin has touched 20.000.00 multiple times over the years, that
could be used as a floor in this current market. Do not use the current price as a floor.
So if YOu MUSt BUY right now, I would try to get in around 30,000-35,000. That would
be somewhere in the middle of 20,000- 50,000.

Also, we already know that Bitcoin has reversed hard several times over the years,
so the probability of a hard reversal in the future is pretty high. You could wait until then.
I would. That’s what the big wigs do. They cash out at the top, and then buy back in
at the bottom.

Do not let people FOMO you or persuade you because the price is moving fast. That’s
what markets do. They move up and down. It’s your job to catch the right movement.
There will always be high prices and always be low prices....

In the words of Warren Buffett, patient people make money of impatient people
in trading.