Again. Thanks a lot for the insight.

I've been into Bitcoin for many years, but only recently started trading earlier this year. So far It's been profitable, this isn't the worst position I've been in, but it's approaching that level.

If I didn't honestly believe that we'll see another spike soon, I would cut my losses. As of now my position is sitting at -$950. I'm perfectly fine taking that loss as a learning experience, but I really do think this lull is temporary

I do have a question if you have anymore time.

Let's say that I'm confident that the spike up to 700+ will happen again soon. (for our purposes let's just say I think itll be back to 700 within 3 days.) In that case, does it make more sense to just increase my existing long, or to cut my current losses and reopen a new position?

Let's say that amount of funds available isn't an issue (not saying I'm some sort of wale ,lol, obviously, I'm just trading with a much lower amount than I have available for trading purposes.

Once again I appreciate your insight. Being relatively new, I take everything I can get. I'll remember what you said about not being afraid to cut losses,and stay weary of 'waiting it out'