This may be a silly question - Ok so I now have £700 invested in bitcoin . Let's say it goes up by £50 - do I remove the profit and leave the working capital( £700 )in bitcoin ? Or do I take the lot?
If I take the lot then when I buy back in It may pay a higher price. What do you suggest?
Of course, it's really difficult to give a cut clear answer on this since man in insatiable in nature. Greed will always be there to want more. I rely on the advice of Warren Buffet on this - take profit when people are rushing in to buy. Whenever you're in profit and you see that spike in your favour, that's when to take profit to safety.