Should You Trade Bitcoin Or Just Buy & Hold?

Grab my free Bitcoin trading course here: http://chrisdunn.com/bitcoin-basics

I'm not a financial advisor. Make your own trading and investment decisions!

I've recently seen a lot of comments on my videos and some people saying, "Don't trade bitcoin, just buy and hold and you'll get rich."

Well, if we look back in hindsight over the past few years it's obvious that if you bought Bitcoin in the $200's and were still holding above $2,000 that would be an incredible return.

So yes, the "buy and hope" strategy works well when markets have incredible gains - and bitcoin has been the best performing market on the planet for the past few years.

But if we look at the total number of people around the world that own bitcoin (which I have no clue exactly how many people there are), the fact is that only a small percentage of those people bought and held bitcoin from below $200's.

There's a large majority of new people that have purchased bitcoin for the first time above $1,000 - that's why the price went from $1k to $3k in just a few weeks. It didn't just magically happen. People had to buy at those levels for the price to go up.

And because of human nature, people tend to buy into something when it's hot or popular. That usually means when the price is high. And a very high percentage of those people that buy high end up panic selling when bitcoin's price falls by 50%+.


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Best Bitcoin charts: http://chrisdunn.com/coinigy

Free Bitcoin basics course: http://chrisdunn.com/bitcoin-basics

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List of cryptocurrencies: http://coinmarketcap.com/

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Disclaimer: I'm not a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. Don't invest money you can't afford to lose. My videos may contain affiliate links to products I believe will add value to your life.
  • stocklock

    All you need is one good strategy

  • Jennifer Walker

    I was scammed off my bitcoins by scammers but thankfully hackers from expeditetools helped me get them back.

  • Chris Dunn

    What's your favorite type of trade setup?

  • John Homles

    Buy and sell bitcoins in your local currency, securely and fast at Cryptoexmart. You get paid instant when you sell and charge very low fees.

  • bill tatireta

    buy low, sell high then wait till prize drop to 0 then buy and hold them sell when high. Repeat the process until bitcoin die or huge.

  • Joseph Todd

    To trade these tokens I chose HITBTC exchange, they are the first to list new projects and are always ahead of their competitors.

  • Jacob Broughton

    Great overview man! Love your videos. I'm intrigued to know where we are in the market cycle currently. Hey man think you could take a look at a couple projects, maybe on video? Fr8 Network and Muirfield IP. They look wildly interesting and i'm sure you'd take interest to them as well!

  • Fabrice Manzo

    if we HODL email in the '90, instead using it. internet wouldn't be that great now. so USE it! we need mass adoption

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