Post
Topic
Board Trading Discussion
Re: Newbie - when to take profit
by
Ararbermas
on 25/08/2019, 13:41:26 UTC
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?
if you don't need it then let it grow.. because if you have big amount in your portfolio and once the growth rate of your investment  keep progressing the amount of profits that will enter to your portfolio  will increase as well. So keep it as long you don't need it.  And suggest don't dump the entire balance wherein just remove the profits or small amount that you want.  because if you do that  You will pay for another fee on it.