I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
If need a money just trade exact amount for your needa cause the price is totally low. It will rise and rise again and if you think it is the right price trade it and hold it to the bitcoin. Bitcoin now is really great investment or trading in just days your savings make a big profit.
And first of all, if you have another source of income use that in your needs and back the borrow money if the price is good.