Post
Topic
Board Speculation
Re: Selling Bitcoin
by
arinalwa
on 13/07/2018, 11:07:25 UTC
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?

Selling your coins at its lowest price is the worst scenario you can do and you will just keep on losing a huge amount of your investments if you do that, so try to read different speculations before investing a coin in order to determine if you will be earning profit this month or not.
I am also against selling on low price. if you can handle your daily financial problems then there is no need to sell your coins for low price. Hold them until the price reaches to your desires then sell them. I will sell my bitcoin when the price reaches atleast $25000 because I need money for my future dreams and before that time I will never sell my coins.