Planning to sell whe the price reach at $10000. But i will sell some anytime if i need it right away.
I always love to sell when bitcoin pumps but some emergency purposes push me to sell my whatever the price is.
It's so bad! You had a lot of opportunities to sell Bitcoin at high price but you just wait the emergency situation to sell Bitcoin because you need money in that time. It's a bad strategy and you won't have profits through trading or investing in Bitcoin. Trust me. You should change your habits.
That's because you do not invest what you can afford to lose, when investing we should only allocate a portion from our entire finances because situations like emergency might ruin our plan, we are suppose to hold bitcoin for long term to make more profit and a separate funds must be raise for emergencies.
It all depends on the planning of the person who is holding bitcoin. I myself do sell mu bitcoins but most of the time I keep on holding my bitcoins. It is because of the reason that I know this thing will help me in having more money once Ill sell out my bitcoins. So I go for holding of my bitcoins until and unless I do need money and that too on urgent basis. I do not go for panic selling.