Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading. I now have 0.2007 BTC and not sure when I should get out. I have lost in total a hundred dollars just to the price of BTC. Is it worth it to get out now or should I wait for it to go back up to these prices?
I thought you bought a whole bitcoin at $2,550. Still you had lost big bucks and how about the holders they are also ranting today about their lost profit. You don't have to do something, you only need to be calm, patient and wait for the storm to be stopped. It will happen suddenly and just watch the war of panic sellers and calm holders.
Great advice, unless we are headed into another long bear market. The last one went on for 2.5 years and bottomed at about 15% price of the ath.
If you can wait up to that year then it's fine bitcoin is a passive investment and the longer you can hold it the higher amount of profit or returns you can get. It's like the most patient one will be getting the highest stake and after earning good amount you'll realize that bitcoin is one of the best investments in the world you had ever known.
So by passive investment, you mean one which you assist others in making huge amounts of profits over a long time period by limiting supply (hodling)? sounds about right.
Hey guys, bitcoin is a passive investment - you buy then hold forever, never selling. Don't worry though, you will surely be in paper profits along the way to keep your spirits up. In the end though, it is a total loss because you never sell. Great concept.
How do you get your profit if you are not going to sell anyway? There's a need to sell but just remember to sell when the price is already good and high. And you already got a ROI so that you won't be having any regret when you had seen the price of bitcoin starts to pump again.