Post
Topic
Board Trading Discussion
Re: My Views on When to Sell
by
Daimon88
on 09/11/2018, 10:15:19 UTC
I always have one rule for this. I work for my bitcoins, which means I do not buy bitcoin. I have been in this bitcoin and crypto market over 6 years now and never purchased a single bitcoin in my entire life, yet I still do not sell under certain prices. For example, if I need money, I sell my bitcoins and pay my bills, get food, pay for a movie, get a new game and so forth, I basically live with the bitcoin income.

However whatever is left in bitcoin, I do not cash that out, I cash about 25 dollars or so every time I need money and spend it and when its over I cash out another 25 dollars and keep doing this. Sometimes I have no expenses, sometimes there are some extra ones and life goes on like that.

No matter what the reason is I do not sell the rest and keep them in bitcoin. However when bitcoin reaches to a new "all time high" price I always sell all of it. Last time it was at around 20k I sold all I made from 8 thousand to 20 thousand, every single cent I earned I sold it right away.