Quote from: Distinctin on May 14, 2019, 06:03:33 AM

Quote from: boyptc on May 13, 2019, 11:36:18 PM

Quote from: colucho on May 13, 2019, 08:46:59 AM

Hi.
I'm really a newbie. I have invested about 500 when the BTC was in 6000USD. I have maintained my position despite the rebounds on Sunday. The profit that my Coinbase presents right now is around 15. I do not know what to do. Can you guide me please? Thank you.

Take the profit and leave the capital, that's all you have to do.

And if you don't need for the meanwhile the profit you took out of your total money in coinbase, you can buy back but you need to watch closely the market.

Good advise mate, yes, we should learn to take profit as we don't know what will happen ahead.
The market is moving really well, but it's so fast so bad things could come after the pump, if you will not sell you might end up regretting.
When you take your profit, you will minimize your possible loses but you can still expect a good return over time with the remaining amount you hold.
500 is not that much as a capital, but a profit is a profit.

Do not forget that taking profit alone will also reduce the quantity of your holding and except you take everything out, convert it to fiat, remove the profit and hope that you get a dip price to buy from again. If you take profit alone, and something happens to the market, then the quantity of your coin that has reduced will also cause drastic reduction in value too.

If we are not a trader, I think it would just be best to leave the investment till we are able to reach the ATH, because Those who took profit at ATH will always be richer than those that took profit along the line. Taking profit along the line could also be risky because getting a dip price to buy again may be difficult.