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Should bitcoin be bought or sold under the high sideways?

Bitcoin repeatedly appeared in the new high, suddenly appeared a sharp correction trend, so that a lot of pursuers fell into the risk of burst positions for a time. At present, bitcoin has been in a high sideways and slightly volatile state in the past month, which is a severe test for investors' mentality and patience. Those who have already got on the bus are considering whether to cash in at a high level; those who have not are considering the opportunity to enter the bus; those who have already cashed out are facing the K-line with a high rise and regret it. An idea will affect the surge and shrinkage of wealth, making it difficult for people to choose.

Whether it is the current economic situation, or the attitude of all circles towards bitcoin, as well as the historical price comparison of bitcoin, the answer has been given - bitcoin is worth holding for a long time. However, in the face of the rising price of bitcoin, people will inevitably choose to cash out. Judging from the bull market in the past six months, if you want to get on the bus after cash out, you will have to pay a higher price. Therefore, holding bitcoin for a long time and adopting currency based financial management is undoubtedly a perfect solution.

Over the past few years, bitcoin has gone through several bull and bear markets. Although bitcoin has exceeded $60000 today, a considerable number of investors have not benefited from it. In the past, many bitcoin investors were trapped in a vicious circle of high-level investors afraid to buy and low-level investors cutting. The reason is that these people regard bitcoin as a speculative tool and can't hold it for a long time. For the high net worth people with stable demand, it is undoubtedly an excellent choice to use currency based financial management while holding bitcoin, which can not only ensure the stable growth of their holding currency, but also obtain the income brought by the rising price of bitcoin, both of which are profitable.

(2021-4-6)

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