Post
Topic
Board Trading Discussion
Re: When do you plan to sell?
by
bohr
on 23/02/2017, 23:56:53 UTC
What is your exit point? Where will you sell your coins? How much % of your stack will you sell?
I dont have plan to sell my coin since its new year i wanted to hold my bitcoin till december i maintain this kind of my attitude where i can get as much as 1 bitcoin per year or maybe more than that, it always depends on my actovity and for my hardwork i sold that all once december comes and spend them for important things

But I feel it is not a good thing to do because there is not guaranty that always in December prices will high and later prices are going drop. I always fix some percentage of profit for my investment and if I reach that target whether within a few days or in a couple of months time then I will sell most of my coins and wait for right opportunity buy again. But some portion of coins I will keep for very long term appreciation.

I think it is better to hold the bitcoin for decades. The price will rise a lot.
That is the safest path, but some may decide to try their luck and optimize their earnings by becoming day traders and try to get an advantage with every fluctuation in the bitcoin price but that is only recommended if you know what you are doing.